Revenues of $739.9 million
Lyft (LYFT) is scheduled to announce its first-quarter results on May 7—the first quarterly earnings since its IPO last month. Lyft stock has been volatile since its IPO. Investors will be looking closely to see if the company outperforms analysts’ estimates in the first quarter.
Analysts expect Lyft to post sales of $739.9 million in the first quarter. Analysts expect the company to post sales of $791.13 million in the second quarter.
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In 2019, analysts expect Lyft’s sales to rise 52.7% year-over-year to $3.29 billion—up from $2.16 billion in 2018. The sales are expected to rise 31.4% to $4.32 billion in 2020.
Analysts expect Lyft to post a non-GAAP EPS of -$6.95 in the first quarter. There’s a lot of variance between analysts’ low and high earnings estimates.
Lyft has a high earnings estimate of -$0.63 and a low earnings estimate of -$6.95. In the second quarter, analysts expect the company to post earnings of -$1.3, while the figure is -$4.99 for 2019. Analysts expect the earnings to improve 11.2% to -$4.43 in 2020.