Uber Technologies, Inc. to Post Q1 2024 Earnings of $0.22 Per Share, Seaport Res Ptn Forecasts (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBERFree Report) – Analysts at Seaport Res Ptn raised their Q1 2024 EPS estimates for Uber Technologies in a research report issued to clients and investors on Wednesday, February 7th. Seaport Res Ptn analyst A. Kessler now anticipates that the ride-sharing company will post earnings of $0.22 per share for the quarter, up from their previous forecast of $0.20. The consensus estimate for Uber Technologies’ current full-year earnings is $1.08 per share. Seaport Res Ptn also issued estimates for Uber Technologies’ Q2 2024 earnings at $0.30 EPS, Q3 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.40 EPS, FY2024 earnings at $1.29 EPS and FY2025 earnings at $1.99 EPS.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis.

Several other equities analysts also recently commented on the stock. Nomura downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $59.00 to $62.00 in a report on Friday, December 29th. Truist Financial upped their price target on shares of Uber Technologies from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Mizuho upped their price target on shares of Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. JMP Securities upped their price target on shares of Uber Technologies from $62.00 to $75.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $68.06.

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Uber Technologies Price Performance

NYSE:UBER opened at $69.13 on Monday. Uber Technologies has a one year low of $29.22 and a one year high of $73.05. The company has a market cap of $142.26 billion, a P/E ratio of 82.10, a P/E/G ratio of 1.46 and a beta of 1.33. The firm’s fifty day moving average price is $63.25 and its two-hundred day moving average price is $52.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.14.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $28,000. JFS Wealth Advisors LLC grew its position in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 495 shares during the period. Finally, CVA Family Office LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $30,000. Institutional investors own 74.07% of the company’s stock.

Uber Technologies Company Profile

(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.

Further Reading

Earnings History and Estimates for Uber Technologies (NYSE:UBER)

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