Lyft (NASDAQ:LYFT) is expected to release its third quarter earnings after the market closes on Wednesday November the 6th. They are now preparing for the results to convince the investors. When the ridesharing platform competitor Uber (NYSE:UBER) had a decline in gross bookings, we are now excited to see if LYFT fares better.

Historically, Lyft has regularly surpassed revenue forecasts in the recent fiscal periods.

Typically, what happens to Uber also happens to Lyft, so the decline in gross bookings at Uber might also be experienced by Lyft. The price of Lyft stock has declined 1.75% year-to-date and dropped 74.60% compared to the price in 3 years ago. A positive earning surprise could well be what Lyft needs to lift the stock’s performance.

This article first appeared on GuruFocus.