After the close, Lyft (LYFT) is scheduled to report 1Q21 results with a conference call to follow at 4:30 p.m. ET.

Analysts are expecting LYFT to report a loss per share of ($0.55) compared to ($1.31) in the year-ago quarter on revenue of $554.70 mln, equating to an estimated yr/yr decline of 42%.

One concern is that LYFT and UBER are having difficulty finding enough drivers to meet the rising demand. In fact, UBER recently launched a $250 mln driver stimulus program to boost earnings for drivers, highlighting how the shortage could cut into margins and earnings. 

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