The Russell 1000’s transportation industry group is expected to see 19Q3 net income increase 4.5% from the prior year. Within the group, the largest drag is the trucking sub-industry, which is expected to decline 55.2%. Ridesharing giants, and sub-industry constituents, Uber Technologies Inc (UBER) and Lyft Inc (LYFT) both beat net income expectations, but saw year-on-year (YoY) net income declines of 17.8% and 86% respectively. Analysts anticipate that Lyft will be the first to reach positive YoY net income in the first quarter of 2020.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.