What Facebook, Snap and Twitter can tell us about Lyft's upcoming earnings report

  • 📰 CNBC
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Lyft is set to report earnings Tuesday following its splashy initial public offering, but past tech IPOs suggest the ride may not be smooth, experts say.

That means Lyft's first pass at impressing Wall Street may not go too well, despite the fact that most analysts have rated the stock positively, with 15 "buy," eight "hold" and only two "sell" ratings.

"This is a big opportunity for these companies, right out of the gate, soon after they just did their IPO roadshow, to tell investors how they're doing as publicly traded companies," Nathan said. "With 44% short interest, I suspect good news in this name could cause a little bit of a short squeeze. But [it's a] really tough name to play with options directionally, with implied volatility [and] the price of options as high as it is right now.

And, if you ask Seymour Asset Management founder and Chief Investment Officer Tim Seymour, an upside surprise isn't a long shot for Lyft. "This [stock] is down 20% into those numbers, so it's a case of where you actually think there may be even a chance for these guys to give you a little bit of an upside surprise," he said on "Options Action." "But the bottom line is: Expecting companies who are fresh out of the gates to be flawless on their earnings call is, I think, a tall order, even though I think there's a lot of bad news in this stock.

Private Advisor Group's Guy Adami also tentatively put himself in the "bull camp," noting that while Facebook's first earnings report hurt its stock, things "worked out pretty well" for the social media giant over the long term."I was wrong on this," he said. "I thought there'd be a window where you could buy Lyft before Uber['s] roadshow went, before the earnings. Now, I think you need to stay away.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Lyft Earnings: What to WatchLyft has a lot riding on the number of so-called active riders who regularly use its services—and for that matter, how much it can make from each of them WSJ, How much of the Lyft earnings are going to shareholders? Oh...$0! Betcha didn’t “watch out” for that😉 Basic logic. Business 101 in the headline: [insert company name] has a lot riding on the number of so-called active [description of customer of company] who regularly use its services-and for that matter, how much it can make from each of them. You still think your assets are secured on exchange you use ? Think again, Do not wait until it happens with your exchange and get a Ledger Nano X now.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

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
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »