Lyft (LYFT) closed at $19.25, down 2.38% from the previous day, outperforming the S&P 500’s 2.71% loss. The stock has risen by 7.64% in the past month, leading the Computer and Technology sector’s gain of 6.22% and the S&P 500’s gain of 3.5%.

Lyft’s upcoming EPS is projected at $0.3, a 3.45% increase from the previous year. Revenue estimates stand at $1.7 billion, an 11.95% increase year-over-year. Full-year estimates predict earnings of $1.18 per share and revenue of $6.53 billion, with year-over-year changes of +24.21% and +12.85%, respectively.

Lyft currently holds a Zacks Rank of #3 (Hold) and is being traded at a Forward P/E ratio of 16.71, lower than the industry average of 24.3. The PEG ratio is at 0.9, below the industry average of 1.64. The Internet – Services industry is ranked in the top 27% of all industries by Zacks Industry Rank.

Zacks Investment Research has identified a stock with potential to double in value. Director of Research Sheraz Mian recommends this stock for significant growth. For more information and stock analysis, visit Zacks.com.

Read more at Nasdaq: Lyft (LYFT) Stock Moves -2.38%: What You Should Know