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The Zacks Analyst Blog Highlights Uber, WeRide and Costco
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For Immediate Release
Chicago, IL – October 30, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Uber Technologies (UBER - Free Report) , WeRide (WRD - Free Report) and Costco (COST - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Buy, Sell or Hold UBER Stock Before Q3 Earnings Release?
Uber Technologies is slated to release third-quarter 2026 results on Nov. 4, before the market opens. The Zacks Consensus Estimate for the to-be-reported quarter's earnings per share and revenues is pegged at 94 cents and $14.74 billion, respectively.
The earnings estimate for the to-be-reported quarter has decreased more than 7% over the past 60 days. The bottom-line estimate indicates a 69.8% year-over-year decline. The Zacks Consensus Estimate for quarterly revenues implies 9.4% growth from the year-ago quarter's figure.
For full-year 2026, the Zacks Consensus Estimate for Uber's revenues is pegged at $57.9 billion, indicating an 11.3% improvement from the 2025 actuals. The consensus mark for full-year earnings per share is pinned at $3.19, implying a 39.8% decline from the prior-year actual. The consensus mark for 2027 earnings per share points to a 42.7% increase from the projected 2026 levels.
Notably, Uber's earnings surpassed estimates in three of the past four quarters, missing the mark once, with the average surprise being 99.5%.
Uber Technologies Price and EPS Surprise
Earnings Whispers for Q3
Our proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Uber currently has an Earnings ESP of +7.77% and a Zacks Rank #4 (Sell).
Foreign exchange woes are likely to have hurt Uber's gross bookings in the September quarter. For the third quarter, Uber expects gross bookings in the band of $58.25-$60.25 billion. The mid-point of the guided range is a tad below the Zacks Consensus Estimate of $59.7 billion. Unlike the previous few quarters, foreign exchange is likely to trim the metric by roughly 1 percentage point.
Despite that, the gross bookings forecast implies 18% to 22% year-over-year growth on a constant-currency basis. Adjusted EBITDA is forecasted in the $2.86-$2.96 billion band. Third-quarter adjusted earnings per share are expected in the band of 80-84 cents.
Moreover, tariff-related headwinds are likely to hurt results. Hgh fuel costs might have hurt the bottom-line performance in the to-be-reported quarter. We believe that more than the financial numbers, it is the guidance that investors will watch closely. Uber has been focusing on autonomous vehicles to drive growth. High costs pertaining to AV expansion might have hurt the bottom line in the to-be-reported quarter. The company is expected to provide further updates on this on the third-quarter conference call.
Notable Deals During the Quarter
In September, Uber, WeRide and AVOMO, the autonomous vehicle division of Moove Cars Group, secured Spain's first national permit for Level 4 autonomous passenger vehicles to operate on public roads. Granted by Spain's Directorate General of Traffic under the ES-AV framework and supported by the Regional Government of Madrid, the authorization represents a key regulatory step toward launching the country's first commercial autonomous vehicle service.
Spain is one of Europe's largest urban mobility markets, serving millions of residents and visitors annually. The planned rollout marks WeRide and Uber's joint entry into Spain and Madrid's inclusion as the fourth of 15 cities covered by their strategic partnership. The approval represents WeRide's ninth autonomous-driving permit globally and strengthens Madrid's role as a gateway for its broader European expansion.
During the quarter, Uber and Costco significantly expanded their U.S. partnership, making the latter delivery through Uber Eats available to millions of additional customers across 47 states, compared with 17 states previously. Nearly 600 Costco locations are now accessible through the Uber Eats platform, offering both on-demand and scheduled delivery services. Uber Eats is the online food ordering and delivery platform of Uber.
Costco members can use Uber Eats to order a broad range of products, including fresh produce, bulk groceries, household essentials and Costco-exclusive merchandise. The expanded service provides members with another convenient option for completing weekly shopping, preparing for gatherings or addressing last-minute needs.
UBER's Price Performance & Valuation
Shares of Uber have declined in excess of 12% over the past six months, and underperformed the Zacks Internet-Services industry.
6-Month Price Comparison
From a valuation perspective, Uber is trading at a lower level compared with its industry. Going by its price/earnings ratio, the company is trading at a forward earnings multiple of 15.1, below the industry's 23.01. The company has a Value Score of C.
How to Play Uber Pre-Q3 Earnings
Uber's diversification efforts and shareholder-focused approach merit appreciation. Diversification plays a crucial role in reducing risk for large enterprises, and Uber has executed this strategy effectively. Its growing international presence is especially important, as it further diversifies revenue sources across geographies. Strategic investments have also helped Uber expand its offerings and enhance the overall value proposition.
However, rising competition in the robotaxi and autonomous driving space continues to be a key concern. At the same time, higher operating costs, a challenging macroeconomic environment and increasing debt levels remain meaningful headwinds that warrant attention.
Given these headwinds, investors may be better off avoiding or selling Uber stock ahead of its third-quarter report.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
View the Zacks #1 Rank List
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The Zacks Analyst Blog Highlights Uber, WeRide and Costco
For Immediate Release
Chicago, IL – October 30, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Uber Technologies (UBER - Free Report) , WeRide (WRD - Free Report) and Costco (COST - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Buy, Sell or Hold UBER Stock Before Q3 Earnings Release?
Uber Technologies is slated to release third-quarter 2026 results on Nov. 4, before the market opens. The Zacks Consensus Estimate for the to-be-reported quarter's earnings per share and revenues is pegged at 94 cents and $14.74 billion, respectively.
The earnings estimate for the to-be-reported quarter has decreased more than 7% over the past 60 days. The bottom-line estimate indicates a 69.8% year-over-year decline. The Zacks Consensus Estimate for quarterly revenues implies 9.4% growth from the year-ago quarter's figure.
For full-year 2026, the Zacks Consensus Estimate for Uber's revenues is pegged at $57.9 billion, indicating an 11.3% improvement from the 2025 actuals. The consensus mark for full-year earnings per share is pinned at $3.19, implying a 39.8% decline from the prior-year actual. The consensus mark for 2027 earnings per share points to a 42.7% increase from the projected 2026 levels.
Notably, Uber's earnings surpassed estimates in three of the past four quarters, missing the mark once, with the average surprise being 99.5%.
Uber Technologies Price and EPS Surprise
Earnings Whispers for Q3
Our proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Uber currently has an Earnings ESP of +7.77% and a Zacks Rank #4 (Sell).
You can see the complete list of today's Zacks #1 Rank stocks here.
Factors in Play
Foreign exchange woes are likely to have hurt Uber's gross bookings in the September quarter. For the third quarter, Uber expects gross bookings in the band of $58.25-$60.25 billion. The mid-point of the guided range is a tad below the Zacks Consensus Estimate of $59.7 billion. Unlike the previous few quarters, foreign exchange is likely to trim the metric by roughly 1 percentage point.
Despite that, the gross bookings forecast implies 18% to 22% year-over-year growth on a constant-currency basis. Adjusted EBITDA is forecasted in the $2.86-$2.96 billion band. Third-quarter adjusted earnings per share are expected in the band of 80-84 cents.
Moreover, tariff-related headwinds are likely to hurt results. Hgh fuel costs might have hurt the bottom-line performance in the to-be-reported quarter. We believe that more than the financial numbers, it is the guidance that investors will watch closely. Uber has been focusing on autonomous vehicles to drive growth. High costs pertaining to AV expansion might have hurt the bottom line in the to-be-reported quarter. The company is expected to provide further updates on this on the third-quarter conference call.
Notable Deals During the Quarter
In September, Uber, WeRide and AVOMO, the autonomous vehicle division of Moove Cars Group, secured Spain's first national permit for Level 4 autonomous passenger vehicles to operate on public roads. Granted by Spain's Directorate General of Traffic under the ES-AV framework and supported by the Regional Government of Madrid, the authorization represents a key regulatory step toward launching the country's first commercial autonomous vehicle service.
Spain is one of Europe's largest urban mobility markets, serving millions of residents and visitors annually. The planned rollout marks WeRide and Uber's joint entry into Spain and Madrid's inclusion as the fourth of 15 cities covered by their strategic partnership. The approval represents WeRide's ninth autonomous-driving permit globally and strengthens Madrid's role as a gateway for its broader European expansion.
During the quarter, Uber and Costco significantly expanded their U.S. partnership, making the latter delivery through Uber Eats available to millions of additional customers across 47 states, compared with 17 states previously. Nearly 600 Costco locations are now accessible through the Uber Eats platform, offering both on-demand and scheduled delivery services. Uber Eats is the online food ordering and delivery platform of Uber.
Costco members can use Uber Eats to order a broad range of products, including fresh produce, bulk groceries, household essentials and Costco-exclusive merchandise. The expanded service provides members with another convenient option for completing weekly shopping, preparing for gatherings or addressing last-minute needs.
UBER's Price Performance & Valuation
Shares of Uber have declined in excess of 12% over the past six months, and underperformed the Zacks Internet-Services industry.
6-Month Price Comparison
From a valuation perspective, Uber is trading at a lower level compared with its industry. Going by its price/earnings ratio, the company is trading at a forward earnings multiple of 15.1, below the industry's 23.01. The company has a Value Score of C.
How to Play Uber Pre-Q3 Earnings
Uber's diversification efforts and shareholder-focused approach merit appreciation. Diversification plays a crucial role in reducing risk for large enterprises, and Uber has executed this strategy effectively. Its growing international presence is especially important, as it further diversifies revenue sources across geographies. Strategic investments have also helped Uber expand its offerings and enhance the overall value proposition.
However, rising competition in the robotaxi and autonomous driving space continues to be a key concern. At the same time, higher operating costs, a challenging macroeconomic environment and increasing debt levels remain meaningful headwinds that warrant attention.
Given these headwinds, investors may be better off avoiding or selling Uber stock ahead of its third-quarter report.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.