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'