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Uber Technologies (UBER) Outpaces Stock Market Gains: What You Should Know

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Zacks Equity Research
·2 min read
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Uber Technologies (UBER) closed at $57.12 in the latest trading session, marking a +1.17% move from the prior day. This move outpaced the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq lost 0.02%.

Wall Street will be looking for positivity from UBER as it approaches its next earnings report date. This is expected to be February 10, 2021. The company is expected to report EPS of -$0.53, up 17.19% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.62 billion, down 11.14% from the year-ago period.

Any recent changes to analyst estimates for UBER should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% higher. UBER currently has a Zacks Rank of #3 (Hold).

The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 124, which puts it in the top 49% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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