Lyft Inc reports results for the quarter ended December 31 - Earnings Summary

• Lyft Inc LYFT.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of thirty six analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 12 cents to 29 cents per share.

• Revenue rose 26.6% to $1.55 billion from a year ago; analysts expected $1.56 billion.

• Lyft Inc's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $61.73 million.

• Lyft Inc shares had risen by 17.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy," 32 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "hold"

Wall Street's median 12-month price target for Lyft Inc is $19.00

This summary was machine generated from LSEG data February 11 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)