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

• Lyft Inc LYFT.OQ reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of thirty six analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 10 cents to 24 cents per share.

• Revenue rose 13.5% to $1.45 billion from a year ago; analysts expected $1.47 billion.

• Lyft Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $2.57 million.

• Lyft Inc shares had risen by 6.1% this quarter and lost 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.5% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 13 "strong buy" or "buy," 33 "hold" and 1 "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 $15.12

This summary was machine generated from LSEG data May 8 at 09:01 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)