Uber Technologies (UBER) Increases Yet Falls Behind Market: What Investors Need to Know

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.12% higher. Uber Technologies currently has a Zacks Rank of #2 (Buy). With respect to valuation, Uber Technologies is currently being traded at a Forward P/E ratio of 28.68. This indicates a premium in contrast to its ind ...