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Uber Technologies (UBER) Gains As Market Dips: What You Should Know
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In the latest close session, Uber Technologies (UBER - Free Report) was up +1.06% at $69.91. The stock's performance was ahead of the S&P 500's daily loss of 0.4%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.73%.
The ride-hailing company's stock has dropped by 8.27% in the past month, exceeding the Computer and Technology sector's loss of 8.37% and lagging the S&P 500's loss of 7.34%.
The upcoming earnings release of Uber Technologies will be of great interest to investors. On that day, Uber Technologies is projected to report earnings of $0.71 per share, which would represent a year-over-year decline of 14.46%. Our most recent consensus estimate is calling for quarterly revenue of $13.27 billion, up 15.02% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.34 per share and a revenue of $57.96 billion, representing changes of -36.98% and +11.42%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Uber Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.18% higher. Right now, Uber Technologies possesses a Zacks Rank of #3 (Hold).
Investors should also note Uber Technologies's current valuation metrics, including its Forward P/E ratio of 20.7. This denotes a premium relative to the industry average Forward P/E of 15.25.
Investors should also note that UBER has a PEG ratio of 6.33 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.61.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Gains As Market Dips: What You Should Know
In the latest close session, Uber Technologies (UBER - Free Report) was up +1.06% at $69.91. The stock's performance was ahead of the S&P 500's daily loss of 0.4%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.73%.
The ride-hailing company's stock has dropped by 8.27% in the past month, exceeding the Computer and Technology sector's loss of 8.37% and lagging the S&P 500's loss of 7.34%.
The upcoming earnings release of Uber Technologies will be of great interest to investors. On that day, Uber Technologies is projected to report earnings of $0.71 per share, which would represent a year-over-year decline of 14.46%. Our most recent consensus estimate is calling for quarterly revenue of $13.27 billion, up 15.02% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.34 per share and a revenue of $57.96 billion, representing changes of -36.98% and +11.42%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Uber Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.18% higher. Right now, Uber Technologies possesses a Zacks Rank of #3 (Hold).
Investors should also note Uber Technologies's current valuation metrics, including its Forward P/E ratio of 20.7. This denotes a premium relative to the industry average Forward P/E of 15.25.
Investors should also note that UBER has a PEG ratio of 6.33 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.61.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.