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

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Uber Technologies (UBER) closed at $47.28 in the latest trading session, marking a +1.87% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.71%.

Prior to today's trading, shares of the ride-hailing company had gained 20.61% over the past month. This has outpaced the Computer and Technology sector's loss of 4.5% and the S&P 500's loss of 2.25% in that time.

UBER will be looking to display strength as it nears its next earnings release, which is expected to be November 4, 2021. The company is expected to report EPS of -$0.39, up 37.1% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.4 billion, up 40.74% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.17 per share and revenue of $16.3 billion, which would represent changes of +95.6% and +34.97%, respectively, from the prior year.

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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 11.32% 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 107, which puts it in the top 43% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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