Uber Technologies (UBER) Projected to Post Quarterly Earnings on Wednesday

Uber Technologies (NYSE:UBER) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Uber Technologies to post earnings of $0.50 per share and revenue of $11.77 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Uber Technologies (NYSE:UBER) last posted 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 analysts’ expectations of $10.99 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year. On average, analysts expect Uber Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Uber Technologies Stock Down 1.0 %

UBER stock opened at $68.08 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $143.35 billion, a PE ratio of 33.87, a PEG ratio of 0.77 and a beta of 1.36. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a fifty day simple moving average of $65.83 and a 200 day simple moving average of $70.19.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Cantor Fitzgerald boosted their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday. DA Davidson boosted their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JMP Securities cut shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by corporate insiders.

About Uber Technologies

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.