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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 $32.68 in the latest trading session, marking a +0.15% move from the prior day. This move outpaced the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 0.49%.
Heading into today, shares of the ride-hailing company had gained 0.06% over the past month, lagging the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.85% in that time.
Investors will be hoping for strength from Uber Technologies as it approaches its next earnings release, which is expected to be May 4, 2022. On that day, Uber Technologies is projected to report earnings of -$0.28 per share, which would represent year-over-year growth of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.17 billion, up 112.7% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$0.76 per share and revenue of $28.26 billion. These results would represent year-over-year changes of -192.31% and +61.91%, respectively.
Investors might also notice recent changes to analyst estimates for Uber Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Uber Technologies is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% 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.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.
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Uber Technologies (UBER) Gains As Market Dips: What You Should Know
Uber Technologies (UBER - Free Report) closed at $32.68 in the latest trading session, marking a +0.15% move from the prior day. This move outpaced the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 0.49%.
Heading into today, shares of the ride-hailing company had gained 0.06% over the past month, lagging the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.85% in that time.
Investors will be hoping for strength from Uber Technologies as it approaches its next earnings release, which is expected to be May 4, 2022. On that day, Uber Technologies is projected to report earnings of -$0.28 per share, which would represent year-over-year growth of 33.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.17 billion, up 112.7% from the year-ago period.
UBER's full-year Zacks Consensus Estimates are calling for earnings of -$0.76 per share and revenue of $28.26 billion. These results would represent year-over-year changes of -192.31% and +61.91%, respectively.
Investors might also notice recent changes to analyst estimates for Uber Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Uber Technologies is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% 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.
To follow UBER in the coming trading sessions, be sure to utilize Zacks.com.