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Uber Technologies (UBER) Stock Moves -0.03%: What You Should Know
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Uber Technologies (UBER - Free Report) closed at $29.18 in the latest trading session, marking a -0.03% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Heading into today, shares of the ride-hailing company had gained 1.04% over the past month, outpacing the Computer and Technology sector's loss of 4.64% and the S&P 500's loss of 3.29% in that time.
Investors will be hoping for strength from Uber Technologies as it approaches its next earnings release. In that report, analysts expect Uber Technologies to post earnings of -$0.17 per share. This would mark year-over-year growth of 26.09%. Our most recent consensus estimate is calling for quarterly revenue of $8.02 billion, up 65.48% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$4.64 per share and revenue of $31.33 billion. These results would represent year-over-year changes of -1684.62% and +79.5%, respectively.
Investors should also note any recent changes to analyst estimates for Uber Technologies. 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. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Uber Technologies currently has a Zacks Rank of #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 61, putting it in the top 25% 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.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.
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Uber Technologies (UBER) Stock Moves -0.03%: What You Should Know
Uber Technologies (UBER - Free Report) closed at $29.18 in the latest trading session, marking a -0.03% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Heading into today, shares of the ride-hailing company had gained 1.04% over the past month, outpacing the Computer and Technology sector's loss of 4.64% and the S&P 500's loss of 3.29% in that time.
Investors will be hoping for strength from Uber Technologies as it approaches its next earnings release. In that report, analysts expect Uber Technologies to post earnings of -$0.17 per share. This would mark year-over-year growth of 26.09%. Our most recent consensus estimate is calling for quarterly revenue of $8.02 billion, up 65.48% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$4.64 per share and revenue of $31.33 billion. These results would represent year-over-year changes of -1684.62% and +79.5%, respectively.
Investors should also note any recent changes to analyst estimates for Uber Technologies. 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. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. Uber Technologies currently has a Zacks Rank of #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 61, putting it in the top 25% 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.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.