LIVE: Lyft is about to report earnings for the first time as a public company

$782.15 million

When the report drops, analysts say they will be looking at Lyft's number of active riders, total rides, , and bookings. Another important metric is revenue per active rider, which comes from simply dividing quarterly revenue by active riders for that quarter. That's important beacuse analysts expect that measure's growth is will flatline in the coming years.Gross bookings growth is also expected to slow, according to UBS analysts' projections.To be fair, the majority of analysts are bullish.

Raymond James analyst Justin Patterson, who has a price target of $85 — 45% above where shares are currently trading — says he expects user growth and frequency to"remain healthy," and believes the company has room to grow in both the US and Canada. "Net, we continue to expect LYFT to trade on 1) positive revisions to revenue and gross profit and 2) modest multiple expansion from investors becoming comfortable with TAM and competition," he said.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companiesUber and Lyft are still fighting tooth and nail for market share in the United States. still trying to figure out how much an uber driver actually earns per hour after expenses
Source: BusinessInsider - 🏆 729. / 51 Read more »