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Uber Technologies (UBER) Stock Moves -0.09%: What You Should Know
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The latest trading session saw Uber Technologies (UBER - Free Report) ending at $78.25, denoting a -0.09% adjustment from its last day's close. This move was narrower than the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.54%.
Prior to today's trading, shares of the ride-hailing company had gained 13.52% over the past month. This has outpaced the Computer and Technology sector's gain of 2.36% and the S&P 500's gain of 3.18% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Uber Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.20, showcasing a 350% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.05 billion, indicating a 13.85% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.19 per share and revenue of $43.21 billion, indicating changes of +36.78% and +15.92%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Uber Technologies should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.74% increase. Uber Technologies is currently a Zacks Rank #2 (Buy).
Investors should also note Uber Technologies's current valuation metrics, including its Forward P/E ratio of 65.89. This indicates a premium in contrast to its industry's Forward P/E of 25.94.
It is also worth noting that UBER currently has a PEG ratio of 1.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Services stocks are, on average, holding a PEG ratio of 2.22 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Uber Technologies (UBER) Stock Moves -0.09%: What You Should Know
The latest trading session saw Uber Technologies (UBER - Free Report) ending at $78.25, denoting a -0.09% adjustment from its last day's close. This move was narrower than the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.54%.
Prior to today's trading, shares of the ride-hailing company had gained 13.52% over the past month. This has outpaced the Computer and Technology sector's gain of 2.36% and the S&P 500's gain of 3.18% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Uber Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.20, showcasing a 350% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.05 billion, indicating a 13.85% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.19 per share and revenue of $43.21 billion, indicating changes of +36.78% and +15.92%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Uber Technologies should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.74% increase. Uber Technologies is currently a Zacks Rank #2 (Buy).
Investors should also note Uber Technologies's current valuation metrics, including its Forward P/E ratio of 65.89. This indicates a premium in contrast to its industry's Forward P/E of 25.94.
It is also worth noting that UBER currently has a PEG ratio of 1.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Services stocks are, on average, holding a PEG ratio of 2.22 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.