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Uber Technologies (UBER) Dips More Than Broader Markets: What You Should Know

Uber Technologies (UBER) closed at $39.89 in the latest trading session, marking a -1.14% move from the prior day. This change lagged the S&P 500's 0.77% loss on the day.

Heading into today, shares of the ride-hailing company had lost 5.57% over the past month, lagging the Computer and Technology sector's gain of 3.13% and the S&P 500's gain of 1.55% in that time.

Wall Street will be looking for positivity from UBER as it approaches its next earnings report date. On that day, UBER is projected to report earnings of -$0.43 per share, which would represent year-over-year growth of 30.65%. Meanwhile, our latest consensus estimate is calling for revenue of $4.4 billion, up 40.76% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.20 per share and revenue of $16.32 billion, which would represent changes of +94.82% and +35.08%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for UBER. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 27.83% higher within the past month. UBER is currently a Zacks Rank #3 (Hold).

The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 114, which puts it in the top 45% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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