JUMP REPORT
| Avg Daily Volume: 7,002,631 Market Cap: 13.04B Sector: Miscellaneous Short Interest: 9.6 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.66/share REV: 915.04/M
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LAST QTR: EPS: -1.59/share ACTUAL: -2.23/share (MISS)
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NEXT QTR: EPS: -1.64/share REV: 942.69/M
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FULL YR: EPS: -11.86/share REV: 3,500/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 48% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 9.33, -11.05, N/A
EXPECTED JUMP MOVE: 12-15%
Links To Latest News and Headlines
Compared with Uber Technologies and its global reach and businesses other than rideshare, the purported benefits of a more localized, focused company certainly made sense. Lyft has long embraced quirkiness—recall the oversize fuzzy pink mustache that was once affixed to many a Lyft driver’s grille. To Lyft, the “carstache” represented fun, friendliness and safety—an endearing attempt to distinguish itself whimsically from the more button-down Uber.
Lyft (LYFT) started informing aspirants about the decision to freeze job enrollment.
A hiring freeze through the end of the year at Lyft is making current and prospective employees wonder about their future at their company.
Lyft shares were gaining ground Wednesday morning following news that the company is joining a wave of companies that are freezing hiring in the U.S. “Like many other companies navigating an uncertain economy, we are pausing hiring for all U.S.-based roles through the end of the year,” Lyft spokesperson Ashley Adams said in an emailed statement. Lyft stock was up 1.7% to $14.40 in mid morning, while the Nasdaq Composite was 0.7% higher.
Yahoo Finance Live anchors discuss ride share giant Lyft freezing its hiring in the U.S. amid economic uncertainty.
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