JMP Securities analyst Ronald Josey expects Lyft's (LYFT) revenue and adjusted EBITDA to come in better than consensus expectations when the company reports Q4 results on February 11 due to "continued strong" ride-sharing demand and benefits from new product innovation around Shared Saver, Fast Match and Lyft Business.

The analyst projects the company to report active riders up 450,000 to 22.8M, revenue per rider of $43.24 and total revenue of $984.3M, compared to consensus estimates of 22.8M, $43.19 and $984.1M, respectively. He reiterates an Outperform rating on Lyft shares with an $88 price target. Josey says that with Uber (UBER) bringing forward its profitability guidance to Q4 of 2020, he'll be watching to see if Lyft does as well from its Q4 of 2021 goal. Lyft shares in afternoon trading are up $3.38 to $53.30.