We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Uber Technologies (UBER) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Uber Technologies (UBER - Free Report) closed the most recent trading day at $44.80, moving +0.63% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.19%.
Heading into today, shares of the ride-hailing company had gained 9.6% over the past month, outpacing the Computer and Technology sector's loss of 5.5% and the S&P 500's loss of 3.16% in that time.
Wall Street will be looking for positivity from UBER as it approaches its next earnings report date. The company is expected to report EPS of -$0.39, up 37.1% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.4 billion, up 40.64% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$0.17 per share and revenue of $16.3 billion. These results would represent year-over-year changes of +95.6% and +34.97%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 36% higher. UBER is currently a Zacks Rank #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Uber Technologies (UBER) Gains As Market Dips: What You Should Know
Uber Technologies (UBER - Free Report) closed the most recent trading day at $44.80, moving +0.63% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.19%.
Heading into today, shares of the ride-hailing company had gained 9.6% over the past month, outpacing the Computer and Technology sector's loss of 5.5% and the S&P 500's loss of 3.16% in that time.
Wall Street will be looking for positivity from UBER as it approaches its next earnings report date. The company is expected to report EPS of -$0.39, up 37.1% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.4 billion, up 40.64% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$0.17 per share and revenue of $16.3 billion. These results would represent year-over-year changes of +95.6% and +34.97%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 36% higher. UBER is currently a Zacks Rank #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.