Should You Buy Lyft Stock Before Aug. 6?
Is the ride-hailing underdog still a reliable investment?
Overview
Lyft (NASDAQ: LYFT), the second-largest ride-hailing service provider in North America, will post its second-quarter earnings report on Aug. 6. Should you buy its stock, which has declined nearly 20% this year, before it posts that report?
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Analysts expect Lyft's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to rise 14% and 31% year over year, respectively, in the second quarter. For refrence, its revenue and adjusted EBITDA rose 14% and 25% year over year, respectively, in the first quarter.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.