Uber Technologies, Inc. Expected to Earn Q1 2024 Earnings of $0.20 Per Share (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBER) – Research analysts at Zacks Research boosted their Q1 2024 earnings per share estimates for Uber Technologies in a research report issued on Monday, April 8th. Zacks Research analyst S. Goswami now anticipates that the ride-sharing company will earn $0.20 per share for the quarter, up from their prior estimate of $0.16. The consensus estimate for Uber Technologies’ current full-year earnings is $1.19 per share. Zacks Research also issued estimates for Uber Technologies’ Q2 2024 earnings at $0.26 EPS, Q3 2024 earnings at $0.32 EPS, Q4 2024 earnings at $0.39 EPS, FY2024 earnings at $1.17 EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $1.97 EPS, Q1 2026 earnings at $0.65 EPS and FY2026 earnings at $2.95 EPS.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the business earned $0.29 EPS. Uber Technologies’s revenue was up 15.4% on a year-over-year basis.

UBER has been the subject of several other reports. Argus lifted their price objective on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. BMO Capital Markets upped their price objective on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Jefferies Financial Group boosted their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Bank of America increased their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.78.

Uber Technologies Stock Down 1.1 %

Shares of Uber Technologies stock opened at $74.34 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies has a 52-week low of $29.22 and a 52-week high of $82.14. The company has a market capitalization of $154.73 billion, a P/E ratio of 85.77, a P/E/G ratio of 1.21 and a beta of 1.36. The company has a 50 day moving average of $76.23 and a 200 day moving average of $62.19.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. O Dell Group LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $25,000. CVA Family Office LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $30,000. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the period. Bfsg LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $31,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.