Lyft (LYFT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ea ...

Earlier this month, San Francisco-based ride-hailing company Lyft (LYFT) reported strong third-quarter 2024 results. Since the announcement on Nov. 6 before the opening bell, shares of the company have rallied 13.1% to $16.29, reflecting investor optimism about its improved outlook for 2024.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Does the improving ride-sharing market and LYFT’s operational effectiveness present a buying opportunity? Or should investors wait for a better ent ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Lyft, Inc. (NASDAQ:LYFT) Conference Call Summary Industry Overview - The discussion primarily revolves around the **autonomous vehicle (AV)** sector and its regulatory landscape, particularly the potential for federal approval impacting state regulations [4][5][9]. Key Points and Arguments Autonomous Vehicles - Lyft has a history of collaborating with various states and municipalities regarding transportation regulations, which is expected to continue as AV regulations evolve [5]. - The company views the adoption of AVs as beneficial, contributing to a hybrid network that enhances demand generation, pricing, and asset utilization [6]. - Despite the emergence of competitors like Waymo, Lyft has not seen a significant impact on its business, attributing this to the scale of operations and the premium pricing of AV services [11][12]. Competitive Landscape - Lyft's market position remains strong despite competition, with the company focusing on partnerships and collaborations within the AV landscape [14][16]. - The company is actively engaging in discussions with various industry players to explore different roles in the AV value chain, including asset ownership and technology development [16]. Pricing Strategy - Lyft's pricing dynamics have shown fluctuations, with a notable decrease in surge pricing by 40% year-over-year and 20% sequentially [21]. - The introduction of new products like **Price Lock** and **Wait and Save** has driven growth, particularly among commuters seeking predictable pricing [24][26]. Canadian Market Expansion - Lyft has seen strong growth in Canada, particularly in Toronto, as the company applies successful strategies from the U.S. market to enhance operational health and consumer engagement [30]. Partnerships - The partnership with DoorDash aims to leverage customer bases from both companies, enhancing value for existing users and attracting new riders [33][34]. - The collaboration is expected to evolve over time, focusing on customer experience and engagement [34]. Media Business - Lyft is building a performance-driven advertising platform, with a focus on measurable outcomes for brand partners, which is expected to drive revenue growth [38]. - The company has seen increased advertiser engagement, indicating a successful strategy in the media sector [38]. Insurance Costs - Lyft is managing rising insurance costs through a structured renewal process, allowing for better management of cost increases over time [44]. - The company anticipates a $50 million increase in costs related to insurance renewals, which has been factored into their guidance for Q4 and full-year 2024 [44]. Operational Efficiency - Lyft has achieved significant operational efficiencies, with a focus on maintaining flat headcount while growing the business [47]. - The company aims for a 10% annual efficiency improvement in incentive spending, having already achieved a 17% year-over-year reduction in Q3 [47]. Additional Important Insights - Lyft's approach to shared rides and public transit remains cautious, with no immediate plans to reintroduce shared rides as a mode of service [27]. - The company emphasizes customer obsession and innovation in product offerings to enhance user experience and drive growth [24][26]. This summary encapsulates the key discussions and insights from Lyft's conference call, highlighting the company's strategic focus on autonomous vehicles, competitive positioning, pricing strategies, and operational efficiencies.

Lyft (LYFT 0.79%) is demonstrating excellent growth in cash flow as economies of scale are starting to kick in.*Stock prices used were the afternoon prices of Nov. 12, 2024. The video was published on Nov. 14, 2024. ...

Lyft Inc. (LYFT) reported third-quarter 2024 earnings of 29 cents per share, which beat the Zacks Consensus Estimate of 20 cents and improved year over year.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.Revenues of $1.52 billion also outpaced the Zacks Consensus Estimate of $1.42 billion and improved 31.5% year over year, reflecting growth in the rideshare market. Active riders increased 9% year over year to 24.4 million.Gross bookings reported for the quarter were $4.10 billion, mar ...

[Table_Title] 研究报告 Research Report 7 Nov 2024 美国互联网 US Internet Lyft 3Q24 业绩点评：全年指引上调，公司宣布新一轮自驾领域合作 Lyft 3Q24 Earnings: Full-year outlook raised with new round of autonomous partnerships announced 白玉 Jasmine Bai 王晴 Rachel Wang 陈昊飞 Haofei Chen, PhD y.bai@htisec.com rachel.q.wang@htisec.com haofei.chen@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 事件 Lyft（LYFT.US）于 2024 年 11 月 6 日美股盘后发布了 2024 年第 3 季度业绩，其中总流水符合预期、经调整后 EBITDA 超预期，下季度指引超预期，全年 EBITDA 指引上 ...

Revenue Growth - Revenue for Q3 2024 increased by 32% to $1.52 billion compared to $1.16 billion in Q3 2023[131] - Revenue increased by 32% to $1.522 billion in Q3 2024 compared to Q3 2023, driven by a 16% increase in Rides and 9% growth in Active Riders[150] - Revenue for the nine months ended September 30, 2024, increased by 33% to $4.236 billion compared to the same period in 2023[150] - Revenue increased by 32% to $1,522.7 million in the three months ended September 30, 2024[164] User and Ride Metrics - Active Riders grew by 9% to 24.4 million in Q3 2024 from 22.4 million in Q3 2023[131] - Rides increased by 16% to 216.7 million in Q3 2024 from 187.4 million in Q3 2023[131] - Gross Bookings rose by 16% to $4.11 billion in Q3 2024 from $3.55 billion in Q3 2023[131] - Gross Bookings for Q3 2024 reached $4,108.4 million, a 15.6% increase from $3,554.1 million in Q3 2023[170] Profitability and Financial Performance - Adjusted EBITDA grew by 17% to $107.3 million in Q3 2024 from $92.0 million in Q3 2023[131] - Free cash flow surged by 909% to $242.8 million in Q3 2024 from -$30.0 million in Q3 2023[131] - Net loss improved to $12.4 million in Q3 2024, down from $12.1 million in Q3 2023[147] - Adjusted EBITDA increased by 17% to $107.3 million in the three months ended September 30, 2024[164] - Net loss for Q3 2024 was $12.4 million, compared to $12.1 million in Q3 2023[170] - Adjusted EBITDA for Q3 2024 was $107.3 million, up from $92.0 million in Q3 2023[170] - Adjusted Net Income for Q3 2024 was $118.1 million, compared to $92.3 million in Q3 2023[172] - Free cash flow for Q3 2024 was $242.8 million, a significant improvement from $(30.0) million in Q3 2023[173] - Net cash provided by operating activities for the nine months ended September 30, 2024 was $696.4 million, compared to $(141.8) million in the same period of 2023[174] - Company reported a fourth consecutive quarter of positive free cash flow in the quarter ended September 30, 2024[181] - Company achieved net income for the first time in its operating history in the quarter ended June 30, 2024[181] Expenses and Costs - Cost of revenue rose by 38% to $888.3 million in Q3 2024, primarily due to a $187 million increase in insurance costs[151] - Research and development expenses decreased by 4% to $104.4 million in Q3 2024, mainly due to an $8.7 million reduction in stock-based compensation[155] - Operations and support expenses remained flat at $117.5 million in Q3 2024, with a $5.2 million decrease in facilities costs offset by a $3.4 million increase in Flexdrive related costs[154] - Sales and marketing expenses increased to $215.8 million in Q3 2024, up from $129.9 million in Q3 2023[147] - General and administrative expenses rose to $253.4 million in Q3 2024, compared to $195.3 million in Q3 2023[147] - Cost of revenue for the nine months ended September 30, 2024, increased by 37% to $2.463 billion, driven by a $571.4 million rise in insurance costs[153] - Research and development expenses for the nine months ended September 30, 2024, decreased by 34% to $303.3 million compared to the same period in 2023[155] - Research and development expenses decreased by $157.5 million (34%) in the nine months ended September 30, 2024, primarily due to reductions in stock-based compensation and personnel-related costs[156] - Sales and marketing expenses increased by $85.8 million (66%) in the three months ended September 30, 2024, driven by investments in rider engagement and advertising[157] - Sales and marketing expenses increased by $182.6 million (51%) in the nine months ended September 30, 2024, primarily due to rider and driver incentive programs and advertising expenses[159] - General and administrative expenses increased by $58.1 million (30%) in the three months ended September 30, 2024, due to legal and tax accruals and consulting costs[160] - General and administrative expenses increased by $89.1 million (14%) in the nine months ended September 30, 2024, driven by loss contingencies and business liabilities[160] - Interest expense increased by $1.2 million (19%) in the three months ended September 30, 2024[161] - Interest expense increased by $4.5 million (25%) in the nine months ended September 30, 2024[162] - Stock-based compensation expense for Q3 2024 was $89.0 million, down from $98.5 million in Q3 2023[170] - Restructuring charges for Q3 2024 totaled $25.8 million, primarily from fixed asset disposals and severance costs[170] Cash and Investments - Cash used in investing activities for the nine months ended September 30, 2024 was $323.9 million, primarily due to purchases of marketable securities[177] - Cash used in financing activities for the nine months ended September 30, 2024 was $102.3 million, mainly from loan repayments and finance lease obligations[178] - Company's cash and cash equivalents as of September 30, 2024, were approximately $770.3 million[179] - Short-term investments as of September 30, 2024, were approximately $1.2 billion[179] - Restricted cash, cash equivalents, and investments as of September 30, 2024, were $1.5 billion[179] - Revolving Credit Facility provides for a $420 million senior secured revolving credit facility[179] - Unrestricted cash and cash equivalents and short-term investments as of September 30, 2024, were $1.9 billion[181] - Long-term debt as of September 30, 2024, was $1.0 billion, with 39% being fixed-rate 2025 Notes and 45% being fixed-rate 2029 Notes[185] - Restricted reinsurance trust investments as of September 30, 2024, were $1.2 billion, up from $837.3 million as of December 31, 2023[181] Strategic Initiatives and Investments - The company incurred restructuring charges of $36.4 million in Q3 2024 related to bikes and scooters[129] - In February 2024, the company issued $460 million aggregate principal amount of the 2029 Notes[129] - The company launched price lock in July 2024, a new subscription offering that caps ride prices[127] - Women+ Connect was extended nationwide in 2024, allowing women and nonbinary drivers to prioritize matches with similar riders[127] - Company plans to invest further in EVs to comply with various state and city regulations targeting 90% to 100% EV adoption by 2030[181] Other Income and Expenses - Other income (expense), net increased by $16.5 million (48%) in the three months ended September 30, 2024, due to higher returns on investments and foreign currency exchange[162]

Key TakeawaysLyft shares surged over 20% Thursday as analysts raised their price targets following better-than-expected third quarter results.The rideshare company posted a smaller net loss than expected and lifted its projection for full-year bookings above estimates.Analysts said Lyft's agreements with multiple autonomous vehicle software makers could help Lyft compete with Uber and Tesla in the race to get AVs in more markets. Lyft (LYFT) shares jumped 23% Thursday as several analysts lifted their price ...

I’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like my service to revolve around is momentum. I channel years of ...