We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Uber Technologies (UBER - Free Report) closed at $70.91 in the latest trading session, marking a -3.19% move from the prior day. This change lagged the S&P 500's daily loss of 1.22%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw a decrease of 1.35%.
The stock of ride-hailing company has fallen by 1.13% in the past month, lagging the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.84, marking a 33.33% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $14.16 billion, up 11.91% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.95 per share and revenue of $57.72 billion, indicating changes of -44.34% and +10.96%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Uber Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.03% higher. As of now, Uber Technologies holds a Zacks Rank of #3 (Hold).
In terms of valuation, Uber Technologies is currently trading at a Forward P/E ratio of 24.84. This represents a premium compared to its industry average Forward P/E of 15.84.
One should further note that UBER currently holds a PEG ratio of 6.23. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. UBER's industry had an average PEG ratio of 1.63 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Uber Technologies (UBER) Dips More Than Broader Market: What You Should Know
Uber Technologies (UBER - Free Report) closed at $70.91 in the latest trading session, marking a -3.19% move from the prior day. This change lagged the S&P 500's daily loss of 1.22%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw a decrease of 1.35%.
The stock of ride-hailing company has fallen by 1.13% in the past month, lagging the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.84, marking a 33.33% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $14.16 billion, up 11.91% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.95 per share and revenue of $57.72 billion, indicating changes of -44.34% and +10.96%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Uber Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.03% higher. As of now, Uber Technologies holds a Zacks Rank of #3 (Hold).
In terms of valuation, Uber Technologies is currently trading at a Forward P/E ratio of 24.84. This represents a premium compared to its industry average Forward P/E of 15.84.
One should further note that UBER currently holds a PEG ratio of 6.23. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. UBER's industry had an average PEG ratio of 1.63 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.