Back to top

Image: Bigstock

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

Read MoreHide Full Article

Uber Technologies (UBER - Free Report) closed the most recent trading day at $46.81, moving -1.37% from the previous trading session. This change lagged the S&P 500's 0.24% gain on the day.

Prior to today's trading, shares of the ride-hailing company had lost 8.25% over the past month. This has lagged the Computer and Technology sector's gain of 2.93% and the S&P 500's gain of 4.09% in that time.

Investors will be hoping for strength from UBER as it approaches its next earnings release, which is expected to be August 4, 2021. In that report, analysts expect UBER to post earnings of -$0.54 per share. This would mark year-over-year growth of 47.06%. Meanwhile, our latest consensus estimate is calling for revenue of $3.72 billion, up 66.09% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.34 per share and revenue of $15.97 billion, which would represent changes of +65.28% and +32.24%, respectively, from the prior year.

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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.94% lower. UBER is holding a Zacks Rank of #3 (Hold) right now.

The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 17% 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.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Uber Technologies, Inc. (UBER) - free report >>

Published in