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Ahead of Uber (UBER) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Uber Technologies (UBER - Free Report) is expected to reveal quarterly earnings of $0.94 per share, indicating a decline of 69.8% compared to the year-ago period. Analysts forecast revenues of $14.74 billion, representing an increase of 9.4% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Uber metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Mobility' should come in at $7.83 billion. The estimate indicates a change of +1.9% from the prior-year quarter.
The consensus estimate for 'Revenue- Freight' stands at $1.48 billion. The estimate points to a change of +13.1% from the year-ago quarter.
Analysts predict that the 'Revenue- Delivery' will reach $5.49 billion. The estimate suggests a change of +22.5% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Latin America' of $1.01 billion. The estimate indicates a change of +21.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Revenue- United States and Canada' will likely reach $7.53 billion. The estimate indicates a change of +12.4% from the prior-year quarter.
It is projected by analysts that the 'Geographic Revenue- Asia Pacific' will reach $1.94 billion. The estimate indicates a change of +25.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- Europe, Middle East and Africa' should arrive at $4.13 billion. The estimate indicates a year-over-year change of -5.8%.
Analysts' assessment points toward 'Gross Bookings - Total' reaching $59.70 billion. Compared to the current estimate, the company reported $49.74 billion in the same quarter of the previous year.
The average prediction of analysts places 'Monthly Active Platform Consumers (MAPCs)' at 215 . Compared to the current estimate, the company reported 189 in the same quarter of the previous year.
Analysts expect 'Trips' to come in at 4,139 . The estimate is in contrast to the year-ago figure of 3,512 .
Analysts forecast 'Gross Bookings - Mobility' to reach $29.96 billion. The estimate compares to the year-ago value of $25.11 billion.
The consensus among analysts is that 'Gross Bookings - Delivery' will reach $28.38 billion. Compared to the present estimate, the company reported $23.32 billion in the same quarter last year.
Over the past month, Uber shares have recorded returns of -3.2% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #3 (Hold), UBER will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Ahead of Uber (UBER) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Uber Technologies (UBER - Free Report) is expected to reveal quarterly earnings of $0.94 per share, indicating a decline of 69.8% compared to the year-ago period. Analysts forecast revenues of $14.74 billion, representing an increase of 9.4% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Uber metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Mobility' should come in at $7.83 billion. The estimate indicates a change of +1.9% from the prior-year quarter.
The consensus estimate for 'Revenue- Freight' stands at $1.48 billion. The estimate points to a change of +13.1% from the year-ago quarter.
Analysts predict that the 'Revenue- Delivery' will reach $5.49 billion. The estimate suggests a change of +22.5% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Latin America' of $1.01 billion. The estimate indicates a change of +21.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Revenue- United States and Canada' will likely reach $7.53 billion. The estimate indicates a change of +12.4% from the prior-year quarter.
It is projected by analysts that the 'Geographic Revenue- Asia Pacific' will reach $1.94 billion. The estimate indicates a change of +25.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- Europe, Middle East and Africa' should arrive at $4.13 billion. The estimate indicates a year-over-year change of -5.8%.
Analysts' assessment points toward 'Gross Bookings - Total' reaching $59.70 billion. Compared to the current estimate, the company reported $49.74 billion in the same quarter of the previous year.
The average prediction of analysts places 'Monthly Active Platform Consumers (MAPCs)' at 215 . Compared to the current estimate, the company reported 189 in the same quarter of the previous year.
Analysts expect 'Trips' to come in at 4,139 . The estimate is in contrast to the year-ago figure of 3,512 .
Analysts forecast 'Gross Bookings - Mobility' to reach $29.96 billion. The estimate compares to the year-ago value of $25.11 billion.
The consensus among analysts is that 'Gross Bookings - Delivery' will reach $28.38 billion. Compared to the present estimate, the company reported $23.32 billion in the same quarter last year.
View all Key Company Metrics for Uber here>>>Over the past month, Uber shares have recorded returns of -3.2% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #3 (Hold), UBER will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .