Back to top

Image: Bigstock

Key Factors to Know Ahead of UBER's Q4 Earnings Release

Read MoreHide Full Article

Uber Technologies (UBER - Free Report) is scheduled to report fourth-quarter 2022 results on Feb 8, before market open.

UBER has an unimpressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in only one of the preceding four quarters (missing thrice), the average miss being 370.86%.

Let’s see how things are shaping up for Uber this earnings season.

We expect Uber’s delivery business to have performed impressively in fourth-quarter 2022. Online order volumes are expected to have surged. The Zacks Consensus Estimate for revenues from the delivery segment is currently pegged at $2,831 million, reflecting a sequential uptick of 2%.

Moreover, with economies reopening and more people traveling to work and other places, ride-hailing services are expected to have seen buoyant demand, in turn, benefiting Uber’s mobility business. The Zacks Consensus Estimate for revenues from the mobility segment is currently pegged at $3,996 million, reflecting a sequential uptick of 4.5%.

On the flip side, high sales and marketing expenses, and costs associated with paying incentives to drivers due to change in business model in some countries, are likely to have affected Uber’s bottom line in the December quarter.

What Our Model Says

Our proven model predicts an earnings beat for Uber this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

Uber has an Earnings ESP of +4.60% (the Most Accurate Estimate is pegged at a loss of 19 cents per share, at present, while the Zacks Consensus Estimate is presently pegged at a loss of 20 cents) and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks to Consider

Here are a few other stocks from the broader Zacks Computer and Technology sector that investors may consider, as our model shows that these too have the right combination of elements to beat on fourth-quarter 2022 earnings:

DoorDash (DASH - Free Report) has an Earnings ESP of +3.56% and a Zacks Rank #3. DASH will release fourth-quarter 2022 results on Feb 16.

DoorDash is expanding its global footprint, powered by Wolt and Bbot acquisitions. The Wolt acquisition is helping the company to spread operations worldwide in 27 countries and address a larger customer base which is expected to drive top-line growth. DASH’s balance sheet is also solid.

InterDigital (IDCC - Free Report) has an Earnings ESP of +43.75% and a Zacks Rank #3. IDCC will release fourth-quarter 2022 results on Feb 15.

InterDigital is focused on securing agreements with unlicensed customers in the handset and consumer electronics markets as it aims to become a leading developer of technology solutions for the mobile industry and IoT. IDCC is poised to gain from future growth opportunities fueled by the 5G rollout.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


See More Zacks Research for These Tickers


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


InterDigital, Inc. (IDCC) - free report >>

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

DoorDash, Inc. (DASH) - free report >>

Published in