Lyft Inc reports results for the quarter ended June 30 - Earnings Summary

• Lyft Inc LYFT.OQ reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of thirty four analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from -7 cents to 12 cents per share.

• Revenue rose 10.6% to $1.59 billion from a year ago; analysts expected $1.61 billion.

• Lyft Inc's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $40.31 million.

• Lyft Inc shares had fallen by 7.9% this quarter and gained 12.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 84.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy," 31 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Lyft Inc is $16.25, about 10.7% above its last closing price of $14.51

This summary was machine generated from LSEG data August 6 at 09:02 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)