Uber Earnings Likely a Beat and Analysts Reiterate Buys with Strong Price Target

UBER is reporting earnings After Market Close on May 4th, 2022 with an estimate of -0.28 EPS. UBER is reporting earnings after market close. Based on historical trends UBER has a 66.67% chance of beating earnings. It's important to note that their last reported earnings was -0.26 EPS and the estimated earnings was -0.35 for this time period. This means that the estimated EPS has gone down by 31% Current UBER Analyst Ratings Here is the current analyst rating distribution for UBER. In total there are 29 UBER analyst ratings. 28 Buys 1 Holds 0 Sells Analyst Ratings have provided relatively strong indicators of future price movement, which is why they are used to determine a UBER stock forecast. However, this shouldn't be the only factor when determining whether to invest in Uber Technologies, Inc., I would use Analyst Ratings as a datapoint along with other fundamental indicators and investment metrics. UBER Retail Investor Sentiment Taking a look at Twitter and Stocktwits we can get a sense of the market sentiment for UBER. Right now the market sentiment for UBER is 5.29% on Twitter and 2.88% on Stocktwits. Overall this is a generally positive sentiment going into earnings. UBER is currently averaging about 371 posts per day I'll touch on why this is important, but for now, here is a breakdown for the last 72hrs: 61 somewhat large Twitter accounts 10,000+ followers, 9 large Twitter accounts with 100k+ followers 0 very large accounts with 500k+ followers. Morgan Stanley maintains rates UBER a buy Morgan Stanley just released their rating for UBER. As of Apr 24th, 2022 Morgan Stanley rates UBER as a buy, compared to their previous rating of buy for UBER. SG AMERICAS SECURITIES, LLC Increases $UBER Holdings On 2022-03-31 SG AMERICAS SECURITIES, LLC changed its ownership of UBER from 0 to 1.68M. The current market value for these shares is 59.9M. As of Apr 29th, 2022 UBER represents 0.44% of their total portfolio. First, let's look at the fund itself to get some context before looking at the performance. SG AMERICAS SECURITIES, LLC currently holds 2,913 different investments in their portfolio and have a current fund value of $13.63B. We can see based on the size of the fund that UBER, representing 0.44% of their total portfolio, is a pretty significant holding. Let's take a closer look at SG AMERICAS SECURITIES, LLC to see how they've performed as a whole. Here are their returns 1-year return 13.17%. 3-year return 80.46%. Return Since inception 63.57%. Typically we want to see a fund "beat" the market, otherwise you are better off just investing in the S&P 500. So let's take a quick look and see how SG AMERICAS SECURITIES, LLC performed relative to the S&P 500 over the same time periods 1-year return vs S&P 500 is -0.87% 3-year return vs the S&P 500 is 20.63% Return since inception vs S&P 500 is -81.54% UBER Earnings Final Thoughts Good --> Large fund recently initiated a decent-sized position in Uber, which means they like Uber at the current valuation. They seem to have a solid track record, albeit they have underperformed the S&P 500 over their lifetime. There are also 28 buy ratings for Uber and Morgan Stanley reiterated its Buy rating for Uber Bad --> Ridership is likely down over the last quarter, even though travel has started to rebound. We will see if this impacts their upcoming earnings. The EPS has been increased a bit so we will see if UBER can hit this new bar. Final Thoughts --> I think Uber will likely beat earnings, based on the overall confidence of analysts, and market sentiment. I think ridership impacts are likely overplayed.

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Uber Earnings Likely a Beat and Analysts Reiterate Buys with Strong Price Target

May 3, 2022

bullish

general Analysis

[3 min Read]

UBER is reporting earnings After Market Close on May 4th, 2022 with an estimate of -0.28 EPS.


UBER is reporting earnings after market close. Based on historical trends UBER has a 66.67% chance of beating earnings.

It's important to note that their last reported earnings was -0.26 EPS and the estimated earnings was -0.35 for this time period. This means that the estimated EPS has gone down by 31%

Current UBER Analyst Ratings

Here is the current analyst rating distribution for UBER. In total there are 29 UBER analyst ratings.

  • 28 Buys
  • 1 Holds
  • 0 Sells

Analyst Ratings have provided relatively strong indicators of future price movement, which is why they are used to determine a UBER stock forecast. However, this shouldn't be the only factor when determining whether to invest in Uber Technologies, Inc., I would use Analyst Ratings as a datapoint along with other fundamental indicators and investment metrics.

UBER Retail Investor Sentiment

Taking a look at Twitter and Stocktwits we can get a sense of the market sentiment for UBER. Right now the market sentiment for UBER is 5.29% on Twitter and 2.88% on Stocktwits. Overall this is a generally positive sentiment going into earnings.

UBER is currently averaging about 371 posts per day I'll touch on why this is important, but for now, here is a breakdown for the last 72hrs: 61 somewhat large Twitter accounts 10,000+ followers, 9 large Twitter accounts with 100k+ followers 0 very large accounts with 500k+ followers.

Morgan Stanley maintains rates UBER a buy

Morgan Stanley just released their rating for UBER. As of Apr 24th, 2022 Morgan Stanley rates UBER as a buy, compared to their previous rating of buy for UBER.

SG AMERICAS SECURITIES, LLC Increases $UBER Holdings

On 2022-03-31 SG AMERICAS SECURITIES, LLC changed its ownership of UBER from 0 to 1.68M. The current market value for these shares is 59.9M. As of Apr 29th, 2022 UBER represents 0.44% of their total portfolio. First, let's look at the fund itself to get some context before looking at the performance. SG AMERICAS SECURITIES, LLC currently holds 2,913 different investments in their portfolio and have a current fund value of $13.63B. We can see based on the size of the fund that UBER, representing 0.44% of their total portfolio, is a pretty significant holding. Let's take a closer look at SG AMERICAS SECURITIES, LLC to see how they've performed as a whole. Here are their returns

  • 1-year return 13.17%.
  • 3-year return 80.46%.
  • Return Since inception 63.57%.

Typically we want to see a fund "beat" the market, otherwise you are better off just investing in the S&P 500. So let's take a quick look and see how SG AMERICAS SECURITIES, LLC performed relative to the S&P 500 over the same time periods

  • 1-year return vs S&P 500 is -0.87%
  • 3-year return vs the S&P 500 is 20.63%
  • Return since inception vs S&P 500 is -81.54%

UBER Earnings Final Thoughts

Good --> Large fund recently initiated a decent-sized position in Uber, which means they like Uber at the current valuation. They seem to have a solid track record, albeit they have underperformed the S&P 500 over their lifetime. There are also 28 buy ratings for Uber and Morgan Stanley reiterated its Buy rating for Uber

Bad --> Ridership is likely down over the last quarter, even though travel has started to rebound. We will see if this impacts their upcoming earnings. The EPS has been increased a bit so we will see if UBER can hit this new bar.

Final Thoughts --> I think Uber will likely beat earnings, based on the overall confidence of analysts, and market sentiment. I think ridership impacts are likely overplayed.


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UBER

Uber Technologies, Inc.

21.32

-0.02
-0.09%

Return

-27.68%
Change % Since Posting
-8.16
Change Since Posting
29.48
Price When Posted

Metrics

40.00
Target Price
9/ 10
Confidence
2-6 Months
Timeframe
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Earnings Release
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News
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SEC
Filing
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Sentiment
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