Q4 EPS Estimate for Uber Technologies Increased by Analyst

Uber Technologies, Inc. (NYSE:UBER) – Stock analysts at Seaport Res Ptn upped their Q4 2024 earnings per share (EPS) estimates for Uber Technologies in a research note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst A. Kessler now anticipates that the ride-sharing company will post earnings per share of $0.56 for the quarter, up from their previous estimate of $0.50. The consensus estimate for Uber Technologies’ current full-year earnings is $1.10 per share. Seaport Res Ptn also issued estimates for Uber Technologies’ Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $2.56 EPS.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. TD Cowen increased their target price on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Melius Research began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Wolfe Research initiated coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday. Finally, Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

Uber Technologies Stock Performance

NYSE UBER opened at $73.25 on Monday. Uber Technologies has a 52 week low of $46.68 and a 52 week high of $87.00. The firm has a 50 day moving average of $75.37 and a two-hundred day moving average of $70.86. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $153.89 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UBER. Laffer Tengler Investments Inc. increased its position in Uber Technologies by 118.8% during the third quarter. Laffer Tengler Investments Inc. now owns 60,416 shares of the ride-sharing company’s stock worth $4,541,000 after buying an additional 32,798 shares in the last quarter. Versor Investments LP purchased a new stake in Uber Technologies during the 3rd quarter worth about $676,000. Jupiter Wealth Management LLC raised its stake in Uber Technologies by 75.0% in the 3rd quarter. Jupiter Wealth Management LLC now owns 3,500 shares of the ride-sharing company’s stock valued at $263,000 after purchasing an additional 1,500 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Uber Technologies by 40.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,035 shares of the ride-sharing company’s stock worth $153,000 after purchasing an additional 585 shares during the last quarter. Finally, Jag Capital Management LLC grew its holdings in shares of Uber Technologies by 29.9% during the third quarter. Jag Capital Management LLC now owns 299,001 shares of the ride-sharing company’s stock worth $22,473,000 after buying an additional 68,902 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Uber Technologies Company Profile

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.