Uber Technologies (UBER) Dips More Than Broader Markets: What You Should Know
Uber Technologies (UBER) closed the most recent trading day at $30.82, moving -0.93% from the previous trading session. This change lagged the S&P 500's daily loss of 0.15%. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 3.16%.
Heading into today, shares of the ride-hailing company had lost 9.3% over the past month, lagging the Computer and Technology sector's loss of 3.13% and the S&P 500's loss of 5.39% in that time.
Wall Street will be looking for positivity from Uber Technologies as it approaches its next earnings report date. In that report, analysts expect Uber Technologies to post earnings of -$0.13 per share. This would mark year-over-year growth of 95.72%. Our most recent consensus estimate is calling for quarterly revenue of $8.68 billion, up 26.71% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.26 per share and revenue of $36.91 billion, which would represent changes of +94.41% and +15.79%, respectively, from the prior year.
Any recent changes to analyst estimates for Uber Technologies should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.62% higher. Uber Technologies is currently a Zacks Rank #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
