Company Performance - Uber Technologies' stock closed at $85.62, reflecting a -1.11% change from the previous day's closing price, underperforming the S&P 500's daily gain of 0.38% [1] - Over the past month, Uber's shares have decreased by 4.24%, while the Computer and Technology sector gained 11.61% and the S&P 500 increased by 6.6% [1] Earnings Projections - The upcoming earnings report for Uber is projected to show earnings per share (EPS) of $0.6, which is a 27.66% increase from the same quarter last year [2] - Revenue is expected to reach $12.45 billion, indicating a 16.32% increase compared to the same quarter of the previous year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $2.87 per share and revenue of $50.69 billion, representing shifts of -37.06% and +15.25% respectively from the previous year [3] - Recent revisions to analyst forecasts for Uber are important as they reflect changing business trends, with positive revisions indicating optimism about the business outlook [3] Valuation Metrics - Uber Technologies has a Forward P/E ratio of 30.15, which is higher than the industry average Forward P/E of 18.8, indicating that Uber is trading at a premium [6] - The company currently has a PEG ratio of 1.11, compared to the Internet - Services industry's average PEG ratio of 1.38 [7] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 140, placing it in the bottom 44% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Uber Technologies (UBER) Stock Sinks As Market Gains: Here's Why