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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 $36.68, marking a -0.84% move from the previous day. This change lagged the S&P 500's 0.31% gain on the day. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 0.26%.
Coming into today, shares of the ride-hailing company had gained 24.38% in the past month. In that same time, the Computer and Technology sector gained 4.64%, while the S&P 500 gained 1.18%.
Wall Street will be looking for positivity from UBER as it approaches its next earnings report date. This is expected to be February 6, 2020.
Investors might also notice recent changes to analyst estimates for UBER. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.93% higher within the past month. UBER is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% 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.
Be sure to follow all of these stock-moving metrics, and many 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 $36.68, marking a -0.84% move from the previous day. This change lagged the S&P 500's 0.31% gain on the day. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 0.26%.
Coming into today, shares of the ride-hailing company had gained 24.38% in the past month. In that same time, the Computer and Technology sector gained 4.64%, while the S&P 500 gained 1.18%.
Wall Street will be looking for positivity from UBER as it approaches its next earnings report date. This is expected to be February 6, 2020.
Investors might also notice recent changes to analyst estimates for UBER. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.93% higher within the past month. UBER is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.