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Here's What Key Metrics Tell Us About Uber (UBER) Q4 Earnings
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Uber Technologies (UBER - Free Report) reported $9.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.4%. EPS of $0.66 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.75 billion, representing a surprise of +1.94%. The company delivered an EPS surprise of +340.00%, with the consensus EPS estimate being $0.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Uber performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross Bookings - Total: $37.58 billion compared to the $37.07 billion average estimate based on 11 analysts.
Gross Bookings - Delivery: $17.01 billion compared to the $16.70 billion average estimate based on eight analysts.
Gross Bookings - Freight: $1.28 billion versus $1.28 billion estimated by eight analysts on average.
Gross Bookings - Mobility: $19.29 billion compared to the $19.20 billion average estimate based on eight analysts.
Trips: 2,601 compared to the 2,579 average estimate based on six analysts.
Monthly Active Platform Consumers (MAPCs): 150 versus 152 estimated by six analysts on average.
Revenue Margin - Delivery: 18.3% versus the five-analyst average estimate of 18.3%.
Revenue Margin - Mobility: 28.7% compared to the 28.3% average estimate based on five analysts.
Revenue- Mobility: $5.54 billion versus the seven-analyst average estimate of $5.42 billion. The reported number represents a year-over-year change of +33.9%.
Revenue- Freight: $1.28 billion compared to the $1.30 billion average estimate based on seven analysts. The reported number represents a change of -16.9% year over year.
Revenue- Delivery: $3.12 billion versus $3.07 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
Adjusted EBITDA- Corporate G&A and Platform R&D: -$625 million versus -$564.56 million estimated by five analysts on average.
Shares of Uber have returned +16.9% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Uber (UBER) Q4 Earnings
Uber Technologies (UBER - Free Report) reported $9.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.4%. EPS of $0.66 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.75 billion, representing a surprise of +1.94%. The company delivered an EPS surprise of +340.00%, with the consensus EPS estimate being $0.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Uber performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross Bookings - Total: $37.58 billion compared to the $37.07 billion average estimate based on 11 analysts.
- Gross Bookings - Delivery: $17.01 billion compared to the $16.70 billion average estimate based on eight analysts.
- Gross Bookings - Freight: $1.28 billion versus $1.28 billion estimated by eight analysts on average.
- Gross Bookings - Mobility: $19.29 billion compared to the $19.20 billion average estimate based on eight analysts.
- Trips: 2,601 compared to the 2,579 average estimate based on six analysts.
- Monthly Active Platform Consumers (MAPCs): 150 versus 152 estimated by six analysts on average.
- Revenue Margin - Delivery: 18.3% versus the five-analyst average estimate of 18.3%.
- Revenue Margin - Mobility: 28.7% compared to the 28.3% average estimate based on five analysts.
- Revenue- Mobility: $5.54 billion versus the seven-analyst average estimate of $5.42 billion. The reported number represents a year-over-year change of +33.9%.
- Revenue- Freight: $1.28 billion compared to the $1.30 billion average estimate based on seven analysts. The reported number represents a change of -16.9% year over year.
- Revenue- Delivery: $3.12 billion versus $3.07 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
- Adjusted EBITDA- Corporate G&A and Platform R&D: -$625 million versus -$564.56 million estimated by five analysts on average.
View all Key Company Metrics for Uber here>>>Shares of Uber have returned +16.9% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.