Uber Technologies (UBER) Laps the Stock Market: Here's Why

Group 1 - Uber Technologies closed at $85.65, with a daily increase of +1.77%, outperforming the S&P 500's gain of 0.21% [1] - Prior to the recent trading day, Uber's shares had decreased by 10.06%, underperforming the Computer and Technology sector's gain of 2.05% and the S&P 500's gain of 0.89% [1] Group 2 - The upcoming earnings report for Uber is projected to show an EPS of $0.82, reflecting a significant drop of 74.45% year-over-year, while revenue is expected to reach $14.29 billion, indicating a growth of 19.49% [2] - Full-year estimates predict earnings of $5.35 per share and revenue of $51.92 billion, representing year-over-year increases of +17.32% and +18.05%, respectively [3] Group 3 - Recent modifications to analyst estimates for Uber suggest changing near-term business trends, with positive revisions indicating analyst optimism about the company's profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Uber Technologies at 3 (Hold), with a Forward P/E ratio of 15.74, indicating a discount compared to the industry's Forward P/E of 19.81 [6] Group 4 - The Internet - Services industry, which includes Uber, is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 85, placing it in the top 35% of over 250 industries [7]