Lyft has tumbled 16% since its historic stock-market debut. Now it's getting ready to report earnings for the first time as a public company.

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On Tuesday afternoon, Lyft will lift the curtain on its financials for the first time as a public company.

Among the report's closely watched measures will be gross bookings as a percentage of total revenue, as well as active riders,Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companies

For the first quarter, analysts are expecting an adjusted loss of $0.99 a share on revenue of $738.5 million, according to data compiled by Bloomberg. Following Tuesday's report, Lyft's stock may see some outsized volatility as the options market is implying a 12.5% move in either direction, according to the derivative strategy team at Susquehanna.

Bulls will pleased to know that some of the biggest volume late last week involved call-spread buying for the month of May, according to Susquehanna's analysis. That suggests traders are largely expressing optimistic views heading into the results.Raymond James: 'Healthy rider metrics and contribution margin expansion would imply that take rates are stable'

 

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