One IPO that has disappointed is definitely Lyft Stock (LYFT). It was priced at $72. It rose as high as $88.60 before collapsing down to $54.32. This morning the stock is trading at $60.70, fairly flat from yesterday’s close.
Tonight after the close we get earnings for the first time as a publicly traded company.
Lyft Stock (LYFT) Earnings Outlook for May 7 2019
Revenue is expected to be $740 million with a loss of up to $6.95 a share.
While most analysts believe investors will be more focused on the outlook for the stock and not today’s earnings, I don’t agree. These are huge losses by any stretch and they will impact the stock price if they are worse. If on the other hand the losses are much smaller, we should see the stock jump.
Trade Ahead Of Earnings Strategy
Here is the strategy being used to try to profit from the earnings release tonight after the close.
The rest of this trade alert and ideas article is for FullyInformed Members.
Lyft Stock (LYFT) Trade Ahead Of Earnings Strategy Alerts – May 7 2019
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.