Zacks Research Brokers Increase Earnings Estimates for Uber Technologies, Inc. (NYSE:UBER)

Market Beat
2024.08.30 11:53
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Zacks Research has increased its earnings estimates for Uber Technologies, Inc. (NYSE: UBER), predicting Q1 2025 EPS will rise to $0.45 from a previous forecast of $0.43. The consensus estimate for the current full-year earnings is $0.04. Other analysts have also rated the stock positively, resulting in an average "Moderate Buy" rating, while Uber's stock price recently opened at $49.25, showing strong institutional investor interest and good year-over-year revenue growth of 15.9%.

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Uber Technologies, Inc. (NYSE:UBER - Free Report) - Stock analysts at Zacks Research lifted their Q1 2025 EPS estimates for shares of Uber Technologies in a report issued on Tuesday, August 27th. Zacks Research analyst S. Goswami now expects that the ride-sharing company will post earnings of $0.45 per share for the quarter, up from their prior estimate of $0.43. The consensus estimate for Uber Technologies' current full-year earnings is $1.04 per share. Zacks Research also issued estimates for Uber Technologies' Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.13 EPS, Q1 2026 earnings at $0.58 EPS and FY2026 earnings at $2.81 EPS.

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Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share.

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Several other research analysts have also recently issued reports on UBER. UBS Group cut their target price on shares of Uber Technologies from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Bank of America reissued a "buy" rating and issued a $88.00 price target on shares of Uber Technologies in a report on Friday, August 23rd. Melius Research began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a "hold" rating and a $77.00 price objective for the company. Loop Capital reduced their price target on Uber Technologies from $88.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, May 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $92.00 price target on shares of Uber Technologies in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.50.

View Our Latest Stock Report on UBER

Uber Technologies Price Performance

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UBER opened at $72.25 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $82.14. The stock's 50 day simple moving average is $69.44 and its 200 day simple moving average is $71.43. The firm has a market cap of $151.78 billion, a price-to-earnings ratio of 116.52, a PEG ratio of 1.31 and a beta of 1.36.

Institutional Trading of Uber Technologies

Several large investors have recently modified their holdings of UBER. GHP Investment Advisors Inc. increased its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 245 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 202 shares during the period. WR Wealth Planners LLC lifted its position in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies during the first quarter valued at about $32,000. Finally, MCF Advisors LLC increased its position in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after buying an additional 405 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other news, insider Tony West sold 28,000 shares of the business's stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm's stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 28,000 shares of the business's stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now owns 96,945 shares of the company's stock, valued at $6,851,103.15. The disclosure for this sale can be found here. Insiders have sold a total of 617,234 shares of company stock worth $44,017,734 over the last 90 days. 3.84% of the stock is currently owned by insiders.

About Uber Technologies

(Get Free Report)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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