Sign In  |  Register  |  About San Anselmo  |  Contact Us

San Anselmo, CA
September 01, 2020 1:33pm
7-Day Forecast | Traffic
  • Search Hotels in San Anselmo

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Uber (UBER) To Report Earnings Tomorrow: Here Is What To Expect

UBER Cover Image

Ride sharing and on demand delivery service Uber (NYSE: UBER) will be reporting earnings tomorrow before market open. Here’s what to expect.

Uber beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $10.7 billion, up 15.9% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EBITDA estimates but slow revenue growth. It reported 156 million users, up 13.9% year on year.

Is Uber a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Uber’s revenue to grow 18.2% year on year to $10.98 billion, improving from the 11.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.

Uber Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Uber has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Uber’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 15%, meeting analysts’ expectations, and Alphabet reported revenues up 15.1%, topping estimates by 2.4%. Netflix traded up 11.1% following the results.

Read our full analysis of Netflix’s results here and Alphabet’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 6.3% on average over the last month. Uber is up 7.2% during the same time and is heading into earnings with an average analyst price target of $88.86 (compared to the current share price of $79.60).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanAnselmo.com & California Media Partners, LLC. All rights reserved.