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Uber Earnings: Growth Ahead?
10 Jan
Summary
- Analysts expect Uber to post $0.31 EPS, a 72.22% yearly increase.
- Uber's revenue is forecast to reach $10.57 billion, up 14.48% year-over-year.
- The company holds a Zacks Rank of #3 (Hold), indicating a neutral outlook.
Uber Technologies (UBER) is anticipated to release strong earnings, with analysts forecasting earnings of $0.31 per share for the upcoming report. This projection signifies a substantial year-over-year increase of 72.22%. Concurrently, revenue is expected to reach $10.57 billion, reflecting a 14.48% growth from the previous year's corresponding quarter.
Looking at the full year, estimates suggest Uber will achieve earnings of $0.85 per share and revenue of $43.32 billion. While this indicates a slight decrease in earnings (-2.3%), revenue is projected to grow by 16.2%. The company's stock performance over the past month has been 3.86%, lagging behind the broader tech sector. Currently, Uber holds a Zacks Rank of #3 (Hold).
Valuation metrics show Uber trading at a Forward P/E ratio of 84.25, exceeding the industry average of 23.56. Its PEG ratio stands at 1.56, also higher than the Internet - Services industry average of 2.13. The Internet - Services industry is ranked 149 out of 250+ industries, placing it in the bottom 41%.
