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Why Uber Technologies (UBER) Dipped More Than Broader Market Today
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Uber Technologies (UBER - Free Report) ended the recent trading session at $70.33, demonstrating a -1.71% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.14%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.57%.
Coming into today, shares of the ride-hailing company had gained 2.7% in the past month. In that same time, the Computer and Technology sector lost 4.82%, while the S&P 500 gained 0.25%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. The company is expected to report EPS of $0.83, up 31.75% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $14.2 billion, indicating a 12.25% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.98 per share and revenue of $57.89 billion. These totals would mark changes of -43.77% and +11.28%, respectively, from last year.
Any recent changes to analyst estimates for Uber Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.2% increase. Uber Technologies is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Uber Technologies has a Forward P/E ratio of 23.98 right now. This signifies a premium in comparison to the average Forward P/E of 17.2 for its industry.
It's also important to note that UBER currently trades at a PEG ratio of 6.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services industry currently had an average PEG ratio of 1.84 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 105, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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
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Why Uber Technologies (UBER) Dipped More Than Broader Market Today
Uber Technologies (UBER - Free Report) ended the recent trading session at $70.33, demonstrating a -1.71% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.14%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.57%.
Coming into today, shares of the ride-hailing company had gained 2.7% in the past month. In that same time, the Computer and Technology sector lost 4.82%, while the S&P 500 gained 0.25%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. The company is expected to report EPS of $0.83, up 31.75% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $14.2 billion, indicating a 12.25% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.98 per share and revenue of $57.89 billion. These totals would mark changes of -43.77% and +11.28%, respectively, from last year.
Any recent changes to analyst estimates for Uber Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.2% increase. Uber Technologies is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Uber Technologies has a Forward P/E ratio of 23.98 right now. This signifies a premium in comparison to the average Forward P/E of 17.2 for its industry.
It's also important to note that UBER currently trades at a PEG ratio of 6.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services industry currently had an average PEG ratio of 1.84 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 105, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.