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Uber Technologies (UBER) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Uber Technologies (UBER - Free Report) closed at $21.76, marking a -0.23% move from the previous day. This change lagged the S&P 500's daily gain of 2.45%. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.18%.
Coming into today, shares of the ride-hailing company had lost 8.28% in the past month. In that same time, the Computer and Technology sector lost 4.95%, while the S&P 500 lost 5.71%.
Wall Street will be looking for positivity from Uber Technologies as it approaches its next earnings report date. The company is expected to report EPS of -$0.25, down 143.1% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.36 billion, up 87.41% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.58 per share and revenue of $30.3 billion. These totals would mark changes of -1276.92% and +73.58%, respectively, from last year.
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.
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.
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 0.03% lower within the past month. Uber Technologies is currently sporting 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 214, which puts it in the bottom 16% 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) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Uber Technologies (UBER - Free Report) closed at $21.76, marking a -0.23% move from the previous day. This change lagged the S&P 500's daily gain of 2.45%. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.18%.
Coming into today, shares of the ride-hailing company had lost 8.28% in the past month. In that same time, the Computer and Technology sector lost 4.95%, while the S&P 500 lost 5.71%.
Wall Street will be looking for positivity from Uber Technologies as it approaches its next earnings report date. The company is expected to report EPS of -$0.25, down 143.1% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.36 billion, up 87.41% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.58 per share and revenue of $30.3 billion. These totals would mark changes of -1276.92% and +73.58%, respectively, from last year.
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.
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.
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 0.03% lower within the past month. Uber Technologies is currently sporting 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 214, which puts it in the bottom 16% 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.