Lyft Stock( NASDAQ:LYFT ) finished the most recent trading day at $12.95, marking a movement of -1.67% compared to the previous trading session’s closing price. This move came in behind the daily increase of 2.59% seen by the S&P 500. In the meantime, the Dow rose by 2.66%, while the Nasdaq, an index heavily weighted toward technology, climbed 0.12%.
Shares of the ride-hailing firm had already dropped 9.79% during the previous month before today’s trade . This has been a smaller decrease than the Computer and Technology sector’s loss of 11.97% and a smaller decrease than the S&P 500’s loss of 9.22% during the same period.
When Lyft ( NASDAQ:LYFT ) gets closer to its following earnings report date, Wall Street will be expecting positive signs from the company. The most current average estimate calls for quarterly sales of $1.05 billion, which would represent a 22.02% increase over the same time the previous year.
LYFT Stock Price Analysis
Our Zacks Consensus Estimates are projecting full-year earnings of $0.43 per share and revenue of $4.16 billion, which would represent changes of +272% and +29.7%, respectively, from the previous year’s numbers. These figures are based on the assumption that the company will maintain its current level of operations throughout the year.
Any new modifications analysts have made to their projections about Lyft should also be monitored by investors. These more recent alterations often reflect the ever-changing character of short-term business t...
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