Cantor Fitzgerald Issues Negative Estimate for UBER Earnings

Uber Technologies, Inc. (NYSE:UBER - Free Report) - Equities researchers at Cantor Fitzgerald lowered their FY2024 earnings estimates for Uber Technologies in a research note issued to investors on Tuesday, January 28th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the ride-sharing company will earn $1.87 per share for the year, down from their previous forecast of $1.88. Cantor Fitzgerald currently has a "Overweight" rating and a $80.00 target price on the stock. The consensus estimate for Uber Technologies' current full-year earnings is $1.86 per share. Cantor Fitzgerald also issued estimates for Uber Technologies' FY2025 earnings at $2.32 EPS.

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

UBER has been the topic of a number of other reports. Truist Financial cut their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Monday. Royal Bank of Canada upped their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets restated an "outperform" rating and issued a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Finally, UBS Group upped their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a "buy" rating in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.08.

Uber Technologies Trading Down 1.0 %

Uber Technologies stock traded down $0.65 during mid-day trading on Wednesday, hitting $66.10. The stock had a trading volume of 9,400,782 shares, compared to its average volume of 24,155,619. The stock has a 50-day simple moving average of $65.83 and a two-hundred day simple moving average of $70.19. 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 stock has a market capitalization of $139.19 billion, a PE ratio of 32.93, a P/E/G ratio of 0.77 and a beta of 1.36. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Avion Wealth grew its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after buying an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $35,000. Finally, Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter valued at about $33,000. Institutional investors own 80.24% of the company's stock.

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.