Uber Technologies (UBER) Set to Announce Earnings on Thursday

Uber Technologies (NYSE:UBER) will be releasing its earnings data after the market closes on Thursday, August 8th. Analysts expect Uber Technologies to post earnings of ($3.33) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, May 30th. The ride-sharing company reported ($2.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.39) by $0.13. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. The business’s revenue was up 19.9% compared to the same quarter last year. On average, analysts expect Uber Technologies to post $-6 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

UBER opened at $39.15 on Wednesday. The company’s 50 day moving average price is $43.49. Uber Technologies has a 1 year low of $36.08 and a 1 year high of $47.08.

UBER has been the topic of several recent analyst reports. Goldman Sachs Group initiated coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued a “buy” rating and a $56.00 price target on the stock. Barclays initiated coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $50.00 price target on the stock. Macquarie initiated coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued an “outperform” rating on the stock. Morgan Stanley initiated coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $56.00 price target on the stock. Finally, HSBC initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $49.00 price target on the stock. Nine analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.90.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

Further Reading: How is the discount rate different from the Federal Funds rate?

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.