Seaport Res Ptn Has Optimistic Outlook of UBER Q4 Earnings

Uber Technologies, Inc. (NYSE:UBER) – Seaport Res Ptn increased their Q4 2024 earnings estimates for shares of Uber Technologies in a report released on Thursday, October 31st. Seaport Res Ptn analyst A. Kessler now anticipates that the ride-sharing company will post earnings of $0.56 per share for the quarter, up from their previous estimate of $0.50. The consensus estimate for Uber Technologies’ current full-year earnings is $1.10 per share. Seaport Res Ptn also issued estimates for Uber Technologies’ Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $2.56 EPS.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year.

A number of other brokerages also recently commented on UBER. TD Cowen raised their target price on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Evercore ISI boosted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. DA Davidson reiterated a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, October 17th. Finally, Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.22.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $73.25 on Monday. The stock has a market capitalization of $153.89 billion, a P/E ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $75.36 and its 200 day moving average price is $70.85. Uber Technologies has a twelve month low of $45.25 and a twelve month high of $87.00.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently made changes to their positions in UBER. Vanguard Group Inc. grew its position in Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the period. Capital Research Global Investors raised its stake in shares of Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after acquiring an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the last quarter. GQG Partners LLC raised its position in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after purchasing an additional 237,976 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.