Cantor Fitzgerald Issues Negative Outlook for UBER Earnings

Uber Technologies, Inc. (NYSE:UBER - Free Report) - Cantor Fitzgerald cut their FY2024 EPS estimates for shares of Uber Technologies in a research report issued on Tuesday, January 28th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the ride-sharing company will post earnings per share of $1.87 for the year, down from their previous estimate 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 posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm's revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS.

Several other equities research analysts have also recently weighed in on the stock. Evercore ISI upped their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their target price on Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Friday, November 1st. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $91.08.

Uber Technologies Stock Down 2.0 %

NYSE UBER traded down $1.35 on Wednesday, reaching $66.72. 29,211,837 shares of the stock traded hands, compared to its average volume of 25,048,270. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a fifty day moving average price of $65.83 and a 200-day moving average price of $70.19. The company has a market cap of $140.50 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 0.77 and a beta of 1.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UBER. Creative Planning lifted its position in shares of Uber Technologies by 3.3% during the 2nd quarter. Creative Planning now owns 145,672 shares of the ride-sharing company's stock worth $10,587,000 after purchasing an additional 4,600 shares during the last quarter. Invst LLC raised its stake in Uber Technologies by 45.7% in the second quarter. Invst LLC now owns 3,911 shares of the ride-sharing company's stock valued at $278,000 after buying an additional 1,227 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Uber Technologies by 142.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 79,070 shares of the ride-sharing company's stock worth $5,747,000 after acquiring an additional 46,449 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Uber Technologies by 4.4% in the 2nd quarter. Truist Financial Corp now owns 490,554 shares of the ride-sharing company's stock valued at $35,653,000 after acquiring an additional 20,815 shares during the last quarter. Finally, Ted Buchan & Co acquired a new stake in shares of Uber Technologies during the 2nd quarter worth about $286,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the 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 completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by 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.