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LYFT

Lyft

$59.38

-0.92 (-1.53%)

16:21
05/07/19
05/07
16:21
05/07/19
16:21

Lyft reports Q1 EPS ($9.02), consensus ($10.53)

Reports Q1 revenue $776M.0, consensus $739.48M. Reports Active Riders 20.5M vs. 14.0M last year and Revenue per Active Rider $37.86 vs. $28.27 last year. The company said, "The first quarter was a strong start to an important year, our first as a public company. Our performance was driven by the increased demand for our network and multi-modal platform, as Active Riders grew 46 percent and revenue grew 95 percent year-over-year. Transportation is one of the largest segments of our economy and we are still in the very early stages of an enormous secular shift from personal car ownership to Transportation-as-a-Service."

  • 07

    May

LYFT Lyft
$59.38

-0.92 (-1.53%)

05/03/19
05/03/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with an Underweight at Atlantic Equities. 2. Contura Energy (CTRA) initiated with a Buy at Seaport Global. 3. Uber (UBER) initiated with a Neutral at Atlantic Equities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/19
ATLE
05/03/19
INITIATION
Target $55
ATLE
Neutral
Atlantic starts Uber with Neutral rating despite preferring over Lyft
Atlantic Equities analyst James Cordwell initiated coverage of Uber (UBER) with a Neutral rating and $55 price target ahead of the company's initial public offering. The analyst this morning also initiated coverage of Lyft (LYFT) with an Underweight rating and $50 price target. Transportation-as-a-service addresses a large market opportunity, says the analyst, whose analysis shows that scale enables superior returns and a clearer path to profitability. Given the benefits of scale, Cordwell prefers Uber to Lyft, due to the company's "market-leading ridehailing position augmented by the fast-growing Eats business and freight brokerage opportunity." The analyst's year-end 2019 price target of $55 for Uber implies 0.9 times fiscal 2020 gross bookings, which he notes is similar to the historical average multiple of Amazon's (AMZN) e-commerce business.
05/03/19
ATLE
05/03/19
INITIATION
Target $50
ATLE
Underweight
Lyft initiated with an Underweight at Atlantic Equities
Atlantic Equities analyst James Cordwell initiated Lyft (LYFT) with an Underweight rating and $50 price target. In a research note to investors, Cordwell, who also initiated Uber (UBER) with a Neutral rating, says he prefers Uber over Lyft, as U.S. share losses and deteriorating unit economics leave him unable to be constructive on Lyft currently, especially given ongoing capital inflows into the sector will likely ensure competition remains intense.
05/03/19
COWN
05/03/19
NO CHANGE
Target $77
COWN
Outperform
Cowen sees strong results coming from Lyft in first public report
Cowen analyst John Blackledge said he expects "strong results" from Lyft in its first earnings report since coming public, which is due on next Tuesday, May 7. He forecasts active riders to have increased 40% year-over-year to 19.7M and sees revenue at $745M, which would be up 88% year-over-year compared to the 94% growth rate from the company's fourth quarter. Blackledge forecasts an adjusted EBITDA loss of $243.4M, which compares to a consensus estimate of a loss of $282.4M. He maintains an Outperform rating and $77 price target on Lyft shares.

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