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What's In Store For Uber In Q2? Analyst Sees 21% Bookings Growth
Benzinga· 2024-07-31 19:15
BofA Securities analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc. UBER, with a price forecast of $87. The company will hold its quarterly conference call on Tuesday, August 6th, to discuss its second quarter 2024 financial results. The analyst projects stable 21% growth in bookings excluding foreign exchange, with total bookings, revenue, and EBITDA expected to reach $39.7 billion, $10.6 billion, and $1.52 billion, respectively. BAC aggregated credit & debit card data suggests stable se ...
Uber and BYD Forge Deal to Deploy 100,000 Electric Vehicles
PYMNTS.com· 2024-07-31 18:45
Uber on Wednesday (July 31) announced a multiyear strategic partnership aimed at integrating 100,000 BYD electric vehicles (EVs) into its platform across several key global markets. The initiative will begin in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia and New Zealand. This partnership will provide Uber drivers with competitive pricing and financing options for BYD vehicles, representing a major advancement in Uber's commitment to sustainable transportation. Uber, ...
What You Need to Know Ahead of Uber's Earnings Tuesday
Investopedia· 2024-07-31 11:07
UBS on Monday raised its price target for Uber to $102 from $95, lowering its targets for Uber's competitors in the rideshare and food-delivery spaces, Lyft (LYFT) and DoorDash (DASH), to $15 and $125 from $19 and $130, respectively. Analyst Estimates for Q2 2024 Q1 2024 Q2 2023 Revenue $10.56 billion $10.13 billion $9.23 billion Diluted EPS (Loss) 31 cents (31 cents) 19 cents Net Income (Loss) $652.33 million ($654 million) $394 million Key Metric: Gross Bookings for Food Delivery vs. Rideshare Trips UBS a ...
Uber Technologies (UBER) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-07-29 22:50
Prior to today's trading, shares of the ride-hailing company had lost 11.39% over the past month. This has lagged the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21% in that time. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.85 per share and a revenue of $43.32 billion, indicating changes of -2.3% and +16.2%, respectively, from the former year. Research indicates that these estimate revisions are directly correlated with near-term sh ...
Uber, Lyft Applaud California Supreme Court Ruling on Gig Workers
PYMNTS.com· 2024-07-25 21:36
The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state. The court's ruling upheld a lower-court decision that Proposition 22, a 2020 ballot measure that allowed companies to classify drivers as gig workers, was constitutional, the Wall Street Journal (WSJ) reported Thursday. A yearslong legal battle followed voters' passage of Proposition 22, as some drivers and the Service Employees International Union (SE ...
Uber Technologies (UBER) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-07-22 22:51
In the latest trading session, Uber Technologies (UBER) closed at $67.73, marking a +0.62% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.08%. At the same time, the Dow added 0.32%, and the tech-heavy Nasdaq gained 1.58%. The ride-hailing company's shares have seen a decrease of 4.13% over the last month, surpassing the Computer and Technology sector's loss of 4.77% and falling behind the S&P 500's gain of 0.43%. Investors will be eagerly watching for the perfo ...
Uber To Show Average Wait Times, Prices in Many Cities
Investopedia· 2024-07-16 15:33
Features To Plan Trips Come as Summer Travel Breaks Records Uber has debuted a number of features in recent years to plan trips, and said Tuesday that users will be able to reserve rides in different cities in advance. Uber Technologies (UBER) announced a number of new features Tuesday, including the ability for users to search what offerings are available in thousands of cities across the globe. The features come as Americans have displayed a resilient demand for travel despite discretionary spending falli ...
Uber now shows average wait time and cost for rides in thousands of cities
CNBC· 2024-07-16 10:00
The average wait times and prices are based on recent historical aggregated data of Uber trips, both on-demand and reserved, within that city, according to Uber. Customers can see the price for a specific route at the date and time that they look, but cannot currently adjust the settings to check wait and cost for different times of the day. Users can access the tool by opening the app and tapping "Where to?" and selecting "search in a different city." Riders can also make reservations for upcoming trips, U ...
Uber Technologies (UBER) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-07-15 22:50
In the latest trading session, Uber Technologies (UBER) closed at $72.29, marking a -0.19% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.4%. Analysts and investors alike will be keeping a close eye on the performance of Uber Technologies in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.31, reflecting a 72.22% increase ...
Domino's Pizza Q2 Preview: Watch Out For Progress On Loyalty Program And Uber Partnership
Seeking Alpha· 2024-07-15 12:00
Joe Raedle/Getty Images News A Recap of Q1 Results For the second quarter, according to LSEG Data, revenues are expected to come in at $1.1 billion, which translates to a y/y growth of 7.3%. Diluted EPS is expected to come in at $3.65, which shows an increase of 18.5% y/y. U.S. same-store sales are expected to grow at 4.91% y/y and international same-store sales are expected to grow at 0.82%. The company, according to LSEG data, has missed revenue estimates in six of the last nine quarters, with an average ...