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Uber Technologies (UBER) Falls More Steeply Than Broader Market: What Investors Need to Know
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Uber Technologies (UBER - Free Report) closed the most recent trading day at $68.16, moving -2.1% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Coming into today, shares of the ride-hailing company had lost 11.67% in the past month. In that same time, the Computer and Technology sector gained 6.26%, while the S&P 500 gained 0.96%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. The company is forecasted to report an EPS of $1.03, showcasing a 66.88% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $14.74 billion, indicating a 9.43% increase compared to the same quarter of the previous 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 might also notice recent changes to analyst estimates for Uber Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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. The Zacks Consensus EPS estimate has moved 2.8% lower within the past month. Right now, Uber Technologies possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Uber Technologies is holding a Forward P/E ratio of 20.75. This denotes a premium relative to the industry average Forward P/E of 15.58.
It's also important to note that UBER currently trades at a PEG ratio of 5.67. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Services industry currently had an average PEG ratio of 1.62 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 182, this industry ranks in the bottom 27% of all industries, numbering over 250.
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.
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
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Uber Technologies (UBER) Falls More Steeply Than Broader Market: What Investors Need to Know
Uber Technologies (UBER - Free Report) closed the most recent trading day at $68.16, moving -2.1% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Coming into today, shares of the ride-hailing company had lost 11.67% in the past month. In that same time, the Computer and Technology sector gained 6.26%, while the S&P 500 gained 0.96%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. The company is forecasted to report an EPS of $1.03, showcasing a 66.88% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $14.74 billion, indicating a 9.43% increase compared to the same quarter of the previous 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 might also notice recent changes to analyst estimates for Uber Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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. The Zacks Consensus EPS estimate has moved 2.8% lower within the past month. Right now, Uber Technologies possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Uber Technologies is holding a Forward P/E ratio of 20.75. This denotes a premium relative to the industry average Forward P/E of 15.58.
It's also important to note that UBER currently trades at a PEG ratio of 5.67. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Services industry currently had an average PEG ratio of 1.62 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 182, this industry ranks in the bottom 27% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.