Send me real-time posts from this site at my email
Zacks

Uber Technologies (UBER) Outpaces Stock Market Gains: What You Should Know

Uber Technologies (UBER) closed the most recent trading day at $46.47, moving +1.02% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.3%.

Coming into today, shares of the ride-hailing company had gained 2.52% in the past month. In that same time, the Computer and Technology sector gained 1.79%, while the S&P 500 gained 4.28%.

Investors will be hoping for strength from UBER as it approaches its next earnings release, which is expected to be November 4, 2021. On that day, UBER is projected to report earnings of -$0.38 per share, which would represent year-over-year growth of 38.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.42 billion, up 41.33% from the year-ago period.

UBER's full-year Zacks Consensus Estimates are calling for earnings of -$0.17 per share and revenue of $16.34 billion. These results would represent year-over-year changes of +95.6% and +35.29%, respectively.

Investors should also note any recent changes to analyst estimates for UBER. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

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. Within the past 30 days, our consensus EPS projection has moved 14.2% higher. UBER 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 101, which puts it in the top 40% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Uber Technologies, Inc. (UBER): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue