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Uber Technologies (UBER) Dips More Than Broader Markets: What You Should Know
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Uber Technologies (UBER - Free Report) closed at $41.51 in the latest trading session, marking a -1.24% move from the prior day. This move lagged the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, added 0.15%.
Heading into today, shares of the ride-hailing company had gained 11.96% over the past month, outpacing the Computer and Technology sector's loss of 1.8% and the S&P 500's gain of 2.36% in that time.
Wall Street will be looking for positivity from Uber Technologies as it approaches its next earnings report date. On that day, Uber Technologies is projected to report earnings of -$0.33 per share, which would represent year-over-year growth of 38.89%. Our most recent consensus estimate is calling for quarterly revenue of $5.35 billion, up 69.09% from the year-ago period.
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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 remained stagnant within the past month. Uber Technologies currently has a Zacks Rank of #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.
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Uber Technologies (UBER) Dips More Than Broader Markets: What You Should Know
Uber Technologies (UBER - Free Report) closed at $41.51 in the latest trading session, marking a -1.24% move from the prior day. This move lagged the S&P 500's daily loss of 0.41%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, added 0.15%.
Heading into today, shares of the ride-hailing company had gained 11.96% over the past month, outpacing the Computer and Technology sector's loss of 1.8% and the S&P 500's gain of 2.36% in that time.
Wall Street will be looking for positivity from Uber Technologies as it approaches its next earnings report date. On that day, Uber Technologies is projected to report earnings of -$0.33 per share, which would represent year-over-year growth of 38.89%. Our most recent consensus estimate is calling for quarterly revenue of $5.35 billion, up 69.09% from the year-ago period.
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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 remained stagnant within the past month. Uber Technologies currently has a Zacks Rank of #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.