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 Stock Gains More Than 5% on Q4 Earnings & Revenues Beat
Read MoreHide Full Article
Uber Technologies (UBER - Free Report) reported fourth-quarter 2021 earnings of 44 cents per share against the Zacks Consensus Estimate of a loss of 33 cents. In the year-ago period, the company had incurred a loss of 54 cents per share.
Total revenues of $5,778 million surpassed the Zacks Consensus Estimate of $5,391.2 million. The top line jumped 82.6% from the year-ago period (improved 19.3% sequentially), primarily due to a rebound in mobility operations and profits at the Delivery segment. This strong outperformance in the fourth quarter drove shares of UBER up 5.7% in after-market trading on Feb 9.
Adjusted EBITDA in the fourth quarter was $86 million against adjusted EBITDA loss of $454 million. This marks the company’s second consecutive profitable quarter as Mobility gross bookings reached pre-pandemic levels and the Delivery segment reaped profits (on an adjusted EBITDA basis) for the first time.
Uber Technologies, Inc. Price, Consensus and EPS Surprise
Uber reported net income of $892 million in the fourth quarter against net loss of $968 million reported in the year-ago period.
In the fourth quarter, majority (41.9%) of the company’s revenues came from Delivery. Revenues from this segment jumped 78% year over year to $2,420 million, thanks to the pandemic-driven rise in online order volumes. Revenues from the Mobility segment rose 55% year over year to $2,278 million. Freight revenues climbed more than 200% year over year to $1080 million, thanks to the November 2021 acquisition of Transplace. Rest of the revenues came from All Other sources.
Total revenues soared 99% year over year to $3,613 million in the United States and Canada. While revenues increased 39% to $419 million in Latin America, the same skyrocketed 50% to $995 million in Europe, the Middle East and Africa. Revenues soared 95% year over year to $751 million in the Asia-Pacific region. Monthly active platform consumers jumped 27% to 118 million.
Gross bookings from Mobility improved 67% to $11,340 million. Gross bookings from Delivery augmented 34% to $13,444 million. Gross bookings from Freight surged more than 200% to $1,082 million. Total gross bookings ascended 51% to $25,866 million.
Cost of revenues (adjusted) increased significantly year over year due to the classification of certain Delivery payments and incentives associated with business model changes in some countries. Total costs and expenses surged 56.6% year over year to $6,328 million with sales and marketing expenses rising 21.6%.
Uber, carrying a Zacks Rank #4 (Sell), exited the fourth quarter with cash and cash equivalents of $4,295 million compared with $5,647 million at the end of 2020. Long-term debt, net of current portion at the end of the quarter, was $9,276 million compared with $7,560 million at December 2020-end.
Q1 Outlook
Uber expects gross bookings of $25-$26 billion in the first quarter of 2022. Adjusted EBITDA is estimated in the band of $100-$130 million.
AMETEK, carrying a Zacks Rank #2 (Buy), reported fourth-quarter 2021 adjusted earnings of $1.37 per share, which beat the Zacks Consensus Estimate by 4.6%. Further, the bottom line rose 27% on a year-over-year basis.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMETEK’s net sales of $1.50 billion surpassed the Zacks Consensus Estimate of $1.47 billion. Notably, the top line rose 25% year over year.
T-Mobile, carrying a Zacks Rank #3 (Hold), reported fourth-quarter 2021 earnings of 34 cents per share, handsomely outperforming the Zacks Consensus Estimate by 94 cents.
T-Mobile’s revenues of $20,785 million lagged the consensus estimate of $21,120 million, but inched up 2.2% year over year, driven by customer growth momentum and synergy-backed model.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
UBER Stock Gains More Than 5% on Q4 Earnings & Revenues Beat
Uber Technologies (UBER - Free Report) reported fourth-quarter 2021 earnings of 44 cents per share against the Zacks Consensus Estimate of a loss of 33 cents. In the year-ago period, the company had incurred a loss of 54 cents per share.
Total revenues of $5,778 million surpassed the Zacks Consensus Estimate of $5,391.2 million. The top line jumped 82.6% from the year-ago period (improved 19.3% sequentially), primarily due to a rebound in mobility operations and profits at the Delivery segment. This strong outperformance in the fourth quarter drove shares of UBER up 5.7% in after-market trading on Feb 9.
Adjusted EBITDA in the fourth quarter was $86 million against adjusted EBITDA loss of $454 million. This marks the company’s second consecutive profitable quarter as Mobility gross bookings reached pre-pandemic levels and the Delivery segment reaped profits (on an adjusted EBITDA basis) for the first time.
Uber Technologies, Inc. Price, Consensus and EPS Surprise
Uber Technologies, Inc. price-consensus-eps-surprise-chart | Uber Technologies, Inc. Quote
Uber reported net income of $892 million in the fourth quarter against net loss of $968 million reported in the year-ago period.
In the fourth quarter, majority (41.9%) of the company’s revenues came from Delivery. Revenues from this segment jumped 78% year over year to $2,420 million, thanks to the pandemic-driven rise in online order volumes. Revenues from the Mobility segment rose 55% year over year to $2,278 million. Freight revenues climbed more than 200% year over year to $1080 million, thanks to the November 2021 acquisition of Transplace. Rest of the revenues came from All Other sources.
Total revenues soared 99% year over year to $3,613 million in the United States and Canada. While revenues increased 39% to $419 million in Latin America, the same skyrocketed 50% to $995 million in Europe, the Middle East and Africa. Revenues soared 95% year over year to $751 million in the Asia-Pacific region. Monthly active platform consumers jumped 27% to 118 million.
Gross bookings from Mobility improved 67% to $11,340 million. Gross bookings from Delivery augmented 34% to $13,444 million. Gross bookings from Freight surged more than 200% to $1,082 million. Total gross bookings ascended 51% to $25,866 million.
Cost of revenues (adjusted) increased significantly year over year due to the classification of certain Delivery payments and incentives associated with business model changes in some countries. Total costs and expenses surged 56.6% year over year to $6,328 million with sales and marketing expenses rising 21.6%.
Uber, carrying a Zacks Rank #4 (Sell), exited the fourth quarter with cash and cash equivalents of $4,295 million compared with $5,647 million at the end of 2020. Long-term debt, net of current portion at the end of the quarter, was $9,276 million compared with $7,560 million at December 2020-end.
Q1 Outlook
Uber expects gross bookings of $25-$26 billion in the first quarter of 2022. Adjusted EBITDA is estimated in the band of $100-$130 million.
Performance of Other Computer & Technology Stocks
Within the broader Computer and Technology sector, AMETEK, Inc. (AME - Free Report) and T-Mobile US, Inc. (TMUS - Free Report) recently reported earnings numbers.
AMETEK, carrying a Zacks Rank #2 (Buy), reported fourth-quarter 2021 adjusted earnings of $1.37 per share, which beat the Zacks Consensus Estimate by 4.6%. Further, the bottom line rose 27% on a year-over-year basis.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMETEK’s net sales of $1.50 billion surpassed the Zacks Consensus Estimate of $1.47 billion. Notably, the top line rose 25% year over year.
T-Mobile, carrying a Zacks Rank #3 (Hold), reported fourth-quarter 2021 earnings of 34 cents per share, handsomely outperforming the Zacks Consensus Estimate by 94 cents.
T-Mobile’s revenues of $20,785 million lagged the consensus estimate of $21,120 million, but inched up 2.2% year over year, driven by customer growth momentum and synergy-backed model.