Q1 2024 Earnings Estimate for Uber Technologies, Inc. Issued By Roth Capital (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBERFree Report) – Roth Capital upped their Q1 2024 earnings per share (EPS) estimates for shares of Uber Technologies in a research note issued on Thursday, February 8th. Roth Capital analyst R. Kulkarni now anticipates that the ride-sharing company will earn $0.23 per share for the quarter, up from their prior estimate of $0.19. The consensus estimate for Uber Technologies’ current full-year earnings is $1.08 per share.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. Uber Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS.

UBER has been the subject of a number of other reports. Susquehanna increased their price target on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price (up from $71.00) on shares of Uber Technologies in a research report on Wednesday, February 7th. The Goldman Sachs Group raised their target price on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Mizuho increased their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, KeyCorp increased their price target on Uber Technologies from $70.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.06.

Check Out Our Latest Analysis on UBER

Uber Technologies Trading Down 2.5 %

NYSE UBER opened at $69.13 on Monday. The firm has a market capitalization of $142.26 billion, a P/E ratio of 82.10, a PEG ratio of 1.46 and a beta of 1.33. The business has a fifty day simple moving average of $63.25 and a 200 day simple moving average of $52.83. Uber Technologies has a 12 month low of $29.22 and a 12 month high of $73.05. The company has a current ratio of 1.19, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of UBER. American Century Companies Inc. raised its holdings in shares of Uber Technologies by 28.7% during the 1st quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after buying an additional 5,142 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Uber Technologies in the 1st quarter worth approximately $3,359,000. Panagora Asset Management Inc. increased its stake in Uber Technologies by 29.3% in the 1st quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock worth $808,000 after purchasing an additional 5,134 shares during the period. Yousif Capital Management LLC increased its stake in Uber Technologies by 11.7% in the 1st quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock worth $938,000 after purchasing an additional 2,756 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Uber Technologies by 17.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock worth $40,838,000 after purchasing an additional 168,475 shares during the period. 74.07% of the stock is owned by hedge funds and other institutional investors.

About Uber Technologies

(Get Free Report)

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.

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Earnings History and Estimates for Uber Technologies (NYSE:UBER)

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