Uber Technologies (UBER) Projected to Post Quarterly Earnings on Wednesday

Uber Technologies (NYSE:UBER) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Uber Technologies to post earnings of $0.50 per share and revenue of $11.78 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $10.99 billion. During the same quarter in the prior year, the business posted $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts expect Uber Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Uber Technologies Stock Up 0.4 %

NYSE UBER opened at $66.86 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The stock’s 50 day moving average is $65.61 and its 200 day moving average is $70.08. The stock has a market cap of $140.79 billion, a PE ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Tigress Financial increased their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Piper Sandler dropped their price target on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Friday. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $91.08.

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.