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) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
Uber Technologies (UBER - Free Report) closed at $69.48 in the latest trading session, marking a +2.01% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Shares of the ride-hailing company witnessed a loss of 10.1% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.36%, and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. In that report, analysts expect Uber Technologies to post earnings of $1.03 per share. This would mark a year-over-year decline of 66.88%. Alongside, our most recent consensus estimate is anticipating revenue of $14.74 billion, indicating a 9.43% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.36 per share and revenue of $57.91 billion, indicating changes of -36.6% and +11.32%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Uber Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 2.82% fall in the Zacks Consensus EPS estimate. At present, Uber Technologies boasts a Zacks Rank of #3 (Hold).
Investors should also note Uber Technologies's current valuation metrics, including its Forward P/E ratio of 20.3. Its industry sports an average Forward P/E of 15.25, so one might conclude that Uber Technologies is trading at a premium comparatively.
Also, we should mention that UBER has a PEG ratio of 5.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. UBER's industry had an average PEG ratio of 1.68 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Uber Technologies (UBER) Exceeds Market Returns: Some Facts to Consider
Uber Technologies (UBER - Free Report) closed at $69.48 in the latest trading session, marking a +2.01% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Shares of the ride-hailing company witnessed a loss of 10.1% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.36%, and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. In that report, analysts expect Uber Technologies to post earnings of $1.03 per share. This would mark a year-over-year decline of 66.88%. Alongside, our most recent consensus estimate is anticipating revenue of $14.74 billion, indicating a 9.43% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.36 per share and revenue of $57.91 billion, indicating changes of -36.6% and +11.32%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Uber Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 2.82% fall in the Zacks Consensus EPS estimate. At present, Uber Technologies boasts a Zacks Rank of #3 (Hold).
Investors should also note Uber Technologies's current valuation metrics, including its Forward P/E ratio of 20.3. Its industry sports an average Forward P/E of 15.25, so one might conclude that Uber Technologies is trading at a premium comparatively.
Also, we should mention that UBER has a PEG ratio of 5.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. UBER's industry had an average PEG ratio of 1.68 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.