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) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
Uber Technologies (UBER - Free Report) ended the recent trading session at $69.67, demonstrating a -2.46% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.44%. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 2.22%.
The ride-hailing company's stock has dropped by 0.54% in the past month, falling short of the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
The investment community will be paying close attention to the earnings performance of Uber Technologies in its upcoming release. 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. In the meantime, our current consensus estimate forecasts the revenue to be $14.16 billion, indicating a 11.91% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.95 per share and a revenue of $57.72 billion, signifying shifts of -44.34% and +10.96%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Uber Technologies. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.03% rise in the Zacks Consensus EPS estimate. Uber Technologies presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Uber Technologies is currently exchanging hands at a Forward P/E ratio of 24.23. This signifies a premium in comparison to the average Forward P/E of 14.81 for its industry.
It's also important to note that UBER currently trades at a PEG ratio of 6.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. UBER's industry had an average PEG ratio of 1.58 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 155, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Uber Technologies (UBER) Falls More Steeply Than Broader Market: What Investors Need to Know
Uber Technologies (UBER - Free Report) ended the recent trading session at $69.67, demonstrating a -2.46% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.44%. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 2.22%.
The ride-hailing company's stock has dropped by 0.54% in the past month, falling short of the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
The investment community will be paying close attention to the earnings performance of Uber Technologies in its upcoming release. 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. In the meantime, our current consensus estimate forecasts the revenue to be $14.16 billion, indicating a 11.91% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.95 per share and a revenue of $57.72 billion, signifying shifts of -44.34% and +10.96%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Uber Technologies. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.03% rise in the Zacks Consensus EPS estimate. Uber Technologies presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Uber Technologies is currently exchanging hands at a Forward P/E ratio of 24.23. This signifies a premium in comparison to the average Forward P/E of 14.81 for its industry.
It's also important to note that UBER currently trades at a PEG ratio of 6.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. UBER's industry had an average PEG ratio of 1.58 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 155, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.