Skip to main content

Jim Cramer: Don't Expect a Lift From Lyft's Earnings

Publish date:
Video Duration:

Lyft's (LYFT) - Get Free Report first earnings report as a public company is scheduled for after the bell Tuesday.

Since its March 29 public offering, the stock has declined about 20% - and it's among the most-shorted stocks on the market with 80% short interest as a percentage of overall float. For Lyft and its investors, it is also impossible to escape one big event looming over its shares: The upcoming initial public offering of its larger rival, Uber.

Analysts surveyed by FactSet expect Lyft to report an adjusted loss of $4.85 a share on revenue of $740.1 million, higher than year-earlier revenue of $397.2 million.

"They'll screw it up...cause everybody's screwing it up right now," said Jim Cramer. 

"I need to see the cash balance not go down a lot so that people don't think it's like running on empty," he continued. 

Related. Lyft's First Earnings Report: 3 Things to Watch For as Uber's IPO Looms

Watch Jim Cramer's Daily NYSE Show and Replays Below

Related Videos