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
In the latest trading session, Uber Technologies (UBER - Free Report) closed at $27.87, marking a +1.24% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.8%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the ride-hailing company had lost 9.65% over the past month. This has lagged the Computer and Technology sector's loss of 6.95% and the S&P 500's loss of 5.13% in that time.
Wall Street will be looking for positivity from Uber Technologies as it approaches its next earnings report date. This is expected to be November 1, 2022. The company is expected to report EPS of -$0.17, up 26.09% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.02 billion, up 65.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$4.64 per share and revenue of $31.33 billion, which would represent changes of -1684.62% and +79.5%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Uber Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Uber Technologies currently has a Zacks Rank of #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% 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.
To follow UBER in the coming trading sessions, be sure to utilize 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
In the latest trading session, Uber Technologies (UBER - Free Report) closed at $27.87, marking a +1.24% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.8%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the ride-hailing company had lost 9.65% over the past month. This has lagged the Computer and Technology sector's loss of 6.95% and the S&P 500's loss of 5.13% in that time.
Wall Street will be looking for positivity from Uber Technologies as it approaches its next earnings report date. This is expected to be November 1, 2022. The company is expected to report EPS of -$0.17, up 26.09% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.02 billion, up 65.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$4.64 per share and revenue of $31.33 billion, which would represent changes of -1684.62% and +79.5%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Uber Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Uber Technologies currently has a Zacks Rank of #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% 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.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.