|Bid||15.08 x 800|
|Ask||15.83 x 1400|
|Day's Range||15.28 - 15.84|
|52 Week Range||13.01 - 22.37|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.88|
Uber's (NYSE:UBER) IPO was not greeted with the type of optimism that investors were hoping for. Even after seeing the decimation that Lyft (NASDAQ:LYFT) has gone through since its IPO, many were assuming the underwriters would have learned their lesson. It didn't help that Uber stock came to market amid a tough week (and tough trading session) as trade-war worries intensified.Source: Shutterstock That said, Uber only briefly traded at its $45 IPO price on its first day of trading. It tagged this level and reversed lower. On the second day of trading, shares closed just over $37, down over 17% from its IPO price in two days. What's going on?There were reports about a $120 billion valuation for Uber before its IPO. Even though that seemed rich, many assumed $100 billion was attainable for Uber stock. After Lyft's flop (shares are still down ~36% from its opening price) the Uber IPO was being priced "conservatively," between $44 and $50 per share. Shares ultimately priced at the lower end of the range and have traded lower since. Right now, Pinterest (NYSE:PINS) might be a better pick than either of them.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Absent of day one, Uber stock price has not hit its IPO price. Near $41.50 now, shares command a market cap of about $70 billion. You know what this reminds me of? Facebook (NASDAQ:FB).Facebook went public at $38 per share. That's where the stock closed on its first day of trading and it proceeded to trade lower over its first year as a public company. I don't know if Uber will do the same thing, but I could certainly see a scenario in which that's the case.There's two sides to that coin though. On the bearish side, Facebook stock was cut in half in its first three months of trading and continued to probe those 50% losses for another three months after that. On the flip side though, FB is now up 10-fold from its post-IPO lows.For Uber], that would mean falling from its $45 IPO price to about $20 to $22. That would create quite a few headlines, but it would also create quite the potential opportunity. Is Uber Stock the Next Facebook Stock?However, there's a big difference between Uber stock and Facebook: The latter was actually profitable.In 2011 the year leading up to Facebook's May 2012 IPO the company churned out net income of $668 million. In the two years after its IPO, it generated $1.49 billion and $2.9 billion in net income, respectively. Essentially Facebook was (and still is) a profit machine. It generates immense cash flow on mind-boggling margins. That's led to a fat bottom line and one of the healthiest balance sheets in public markets.Uber stock had an operating loss of $3.85 billion in fiscal 2017. That figure shrank to "just" $2.83 billion in 2018, but still presents an issue. How do we assign a $70 billion valuation to Uber when its losing several billion dollars per year?When Facebook hit the $70 billion mark on its upswing in 2013, the company was on its way to a ten-figure bottom line. Worth noting is that analysts expect Uber's losses to persist both this year and in 2020. That said, revenue growth is impressive. Revenue of $11.27 billion in 2018 grew 42.1% from the $7.93 billion in sales in 2017. Estimates call for $13.95 billion in sales this year (+23.7%) and for $17.73 billion in 2020 (+27%). Click to Enlarge The Bottom Line on UberI'm struggling to get behind Uber stock right now. The explanations are pretty simple. First, I don't have a reasonable comparison to Uber. Well, besides Lyft. You see, Facebook isn't a very good comparison because the businesses are completely different. I compared the two because they are both well-known, high-profile tech companies and the disappointing reaction to the IPOs are quite similar.That said, if the only comparison to Uber is Lyft, which went public about a month earlier, we don't have a very good profile of public companies to compare Uber to. This ties into my other reason I struggle with Uber: Valuing it. Essentially, Uber is burning a hole in its bank account with its current business model.It's in a price war with Lyft and other ride-hailing businesses and until we get some clarity around how it will become profitable, I just don't know how to value it.At the end of the day, Uber has changed the transportation game. It's created a mobility-as-a-service platform that's disrupting everything from Hertz (NYSE:HTZ) to General Motors (NYSE:GM) to traditional taxi services. For some, maybe they can buy Uber with a 10+ year outlook and say they don't care about today's prices. That's fine. But for me, the story isn't clear enough and I'd rather wait.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post It's a Dicey Proposition, but Uber Stock Could Be the Next Facebook appeared first on InvestorPlace.
Hertz Global Holdings Inc NYSE:HTZView full report here! Summary * Bearish sentiment is moderate * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderately high for HTZ with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.24 billion over the last one-month into ETFs that hold HTZ are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Robust revenues from express delivery services unit aid ZTO Express' (ZTO) Q1 results. However, high operating expenses are a drag on the same.
The transportation sector is often one of the most closely watched in the financial market because it is a natural barometer of broad economic trends. Higher prices across the transportation sector are significant because they can highlight the fundamental demand for industrial goods as well as disposable income levels across the retail segment. Active traders interested in gaining exposure to sub-industries of the transportation sector – such as air freight and logistics, airlines and airport services, highways and rail tracks, marine, railroads, and trucking – may want to take a closer look at the SPDR S&P Transportation ETF (XTN).
Solid pricing, volume growth and efficient fleet management aid Hertz's (HTZ) Q1 results amid a disappointing performance of the International Rental Car segment.
Hertz (HTZ) delivered earnings and revenue surprises of 25.00% and -2.97%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Hertz Global (NYSE:HTZ) reported its latest quarterly earnings results after hours today, bringing in a loss that was narrower than it was during the same period in the previous fiscal year, while also coming in ahead of what analysts called for, yet HTZ stock fell late Monday.Source: Shutterstock The Florida-based car rental service said that for its first quarter of its fiscal 2019, it posted a loss of 99 cents per share on an adjusted basis. This amount was about 37.3% narrower than the company's loss from the year-ago quarter, when it posted an adjusted loss of $1.58 per share.Analysts were calling for Hertz Global to bring in a loss of $1.32 per share, according to data compiled by Zacks Investment Research. The company's revenue for the period came in at $2.1 billion, which marked an increase of 2% when compared to the same period in its fiscal 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business added that its net loss attributable to Hertz Global came in at around $147 million, or $1.75 per diluted share for the period.. This was narrower than the company's results from the same period a year ago, when it brought in a loss of $202 million, or $2.43 per diluted share.HTZ stock was down about 0.6% after hours despite the company posting results that surpassed expectations. Shares had been gaining about 0.6% during regular trading hours as Hertz geared up to reports its latest quarterly earnings results. More From InvestorPlace * 10 Cheap Stocks to Buy Now * 7 Energy Stocks to Buy to Light Up Your Portfolio * The 10 Best Stocks to Buy for May Compare Brokers The post Hertz Global Earnings: HTZ Stock Slides Despite Q1 Loss Narrowing appeared first on InvestorPlace.
The Estero, Florida-based company said it had a loss of $1.75 per share. Losses, adjusted for non-recurring costs, came to 99 cents per share. The results beat Wall Street expectations. The average estimate ...
Shares of Hertz Global Holdings Inc. rose more than 3% in the extended session Monday after the car-rental company reported a narrower-than-expected first-quarter loss and sales came in line with forecasts. Hertz said it lost $147 million, or $1.75 a share, in the quarter, compared with a loss of $202 million, or $2.43 a share, in the year-ago quarter. Adjusted for one-time items, Hertz lost $83 million, or 99 cents a share, compared with a loss of $131 million, or $1.58 a share, a year ago. Revenue rose 2% to $2.1 billion. Analysts polled by FactSet had expected an adjusted loss of $1.35 a share on sales of $2.1 billion. Rental-car revenue in the U.S. rose 7%, and margins also improved, the company said in a statement.
Hertz Global Holdings Inc (NYSE: HTZ ) shares are up after reporting a first-quarter earnings beat. Adjusted earnings came in at $(0.99), beating estimates by 33 cents per share. Sales came in at $2.107 ...