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Uber Technologies (UBER) Gains As Market Dips: What You Should Know
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Uber Technologies (UBER - Free Report) closed at $30.76 in the latest trading session, marking a +1.15% move from the prior day. This move outpaced the S&P 500's daily loss of 1.3%. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.37%.
Coming into today, shares of the ride-hailing company had lost 19.44% in the past month. In that same time, the Computer and Technology sector lost 8.81%, while the S&P 500 lost 5.33%.
Uber Technologies will be looking to display strength as it nears its next earnings release. On that day, Uber Technologies is projected to report earnings of -$0.26 per share, which would represent year-over-year growth of 38.1%. Our most recent consensus estimate is calling for quarterly revenue of $6.02 billion, up 107.36% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$0.65 per share and revenue of $27.77 billion. These results would represent year-over-year changes of -150% and +59.11%, respectively.
Any recent changes to analyst estimates for Uber Technologies should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.76% higher 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 industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Uber Technologies (UBER) Gains As Market Dips: What You Should Know
Uber Technologies (UBER - Free Report) closed at $30.76 in the latest trading session, marking a +1.15% move from the prior day. This move outpaced the S&P 500's daily loss of 1.3%. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.37%.
Coming into today, shares of the ride-hailing company had lost 19.44% in the past month. In that same time, the Computer and Technology sector lost 8.81%, while the S&P 500 lost 5.33%.
Uber Technologies will be looking to display strength as it nears its next earnings release. On that day, Uber Technologies is projected to report earnings of -$0.26 per share, which would represent year-over-year growth of 38.1%. Our most recent consensus estimate is calling for quarterly revenue of $6.02 billion, up 107.36% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$0.65 per share and revenue of $27.77 billion. These results would represent year-over-year changes of -150% and +59.11%, respectively.
Any recent changes to analyst estimates for Uber Technologies should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.76% higher 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 industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.