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

Uber Technologies (NYSE:UBER - Get Free Report) will likely be releasing its earnings data 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. Individual interested in registering for the company's earnings conference call can do so using this link.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 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 company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the company posted $0.10 EPS. The company's quarterly 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 Trading Down 2.0 %

Shares of NYSE UBER traded down $1.35 on Wednesday, reaching $66.72. 29,211,837 shares of the company traded hands, compared to its average volume of 25,048,270. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a 50 day moving average of $65.83 and a 200 day 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 $140.50 billion, a PE ratio of 33.20, a P/E/G ratio of 0.77 and a beta of 1.36.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Daiwa Capital Markets downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Wolfe Research increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Monday. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Friday, November 1st. Finally, Wells Fargo & Company dropped their target price on shares of Uber Technologies from $97.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.08.

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.