Lyft's Earnings Outlook

Lyft LYFT releases its next round of earnings this Tuesday, August 03. Here is Benzinga's essential guide to Lyft's Q2 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see Lyft reporting a quarterly loss of $0.24 per share on sales of $696.22 million. Lyft EPS in the same period a year ago totaled $0.86. Sales were $339.35 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 72.09% increase in the company's EPS figure. Revenue would be up 105.17% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Lyft were trading at $55.32 as of July 30. Over the last 52-week period, shares are up 85.92%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Lyft is scheduled to hold the call at 16:30:00 ET and can be accessed here.