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Uber Technologies (UBER) Stock Moves -1.34%: What You Should Know
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Uber Technologies (UBER - Free Report) closed the most recent trading day at $69.89, moving -1.34% from the previous trading session. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the ride-hailing company had lost 10.66% in the past month. In that same time, the Computer and Technology sector gained 6.18%, while the S&P 500 gained 1.27%.
Investors will be eagerly watching for the performance of Uber Technologies in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.03, indicating a 66.88% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $14.74 billion, indicating a 9.43% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.36 per share and a revenue of $57.91 billion, demonstrating changes of -36.6% and +11.32%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Uber Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.8% lower. Currently, Uber Technologies is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Uber Technologies is at present trading with a Forward P/E ratio of 21.11. This signifies a premium in comparison to the average Forward P/E of 16.02 for its industry.
It's also important to note that UBER currently trades at a PEG ratio of 5.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.6.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 33% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Uber Technologies (UBER) Stock Moves -1.34%: What You Should Know
Uber Technologies (UBER - Free Report) closed the most recent trading day at $69.89, moving -1.34% from the previous trading session. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the ride-hailing company had lost 10.66% in the past month. In that same time, the Computer and Technology sector gained 6.18%, while the S&P 500 gained 1.27%.
Investors will be eagerly watching for the performance of Uber Technologies in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.03, indicating a 66.88% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $14.74 billion, indicating a 9.43% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.36 per share and a revenue of $57.91 billion, demonstrating changes of -36.6% and +11.32%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Uber Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.8% lower. Currently, Uber Technologies is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Uber Technologies is at present trading with a Forward P/E ratio of 21.11. This signifies a premium in comparison to the average Forward P/E of 16.02 for its industry.
It's also important to note that UBER currently trades at a PEG ratio of 5.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.6.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 33% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.