Uber Tech (UBER)

[winston]

vested

Uber Stock Rebounds After Earnings, Analysts Maintain Bullish Outlook

Uber missed on analyst estimates for both revenue and EPS, due in part to driver shortages in its ride-hailing business.

While Uber's 2Q earnings underwhelmed as a whole, the company continued to overperform on the delivery side. It just added same-day grocery delivery to its list of services, and year-over-year delivery revenue is up 122%. Delivery gross bookings also rose 85% to $12.5 billion, now accounting for around half of the company's gross bookings.

Uber also saw an increase in trip volume for both its mobility and delivery segments, with total trips up 105% year-over-year to 1.51 billion.

Source: Benzinga

https://finance.yahoo.com/news/uber-sto ... 20562.html

[winston]

vested

Uber Technologies, Inc. (UBER)

Shares of Uber Technologies, Inc. (UBER) were up slightly this week after the company released earnings and sales results for the latest quarter on Wednesday.

Company management noted that monthly active drivers and couriers were up nearly 420,000 from February to July.

For its second quarter, UBER achieved revenue of $3.93 billion. That translated to 75.3% year-over-year revenue growth.

Third-quarter earnings per share climbed 48% year-over-year to-$0.17, up from an earnings loss of $0.65 per share in the second quarter of 2020.

The consensus estimate called for an earnings loss of $0.32 per share on $3.76 billion in sales, so UBER posted a 47.4% earnings surprise and a 4.4% revenue surprise.

Source: Investor Place

[winston]

Uber: Buy The Dip, The Bullish Opportunity Has Never Been Clearer

by Gary Alexander

Summary

Shares of Uber extended YTD losses after reporting Q2 results, owing to a higher-than-expected adjusted EBITDA loss.

Uber has been raising driver incentives in order to increase available drivers in preparation for the summer's reopening.

Rideshare bookings have dramatically rebounded, positioning Uber well for recovery.

Short-term profitability hits should be ignored, given Uber's long-term market opportunity is still dramatically larger than where it stands today.

Source: Seeking Alpha

https://seekingalpha.com/article/444953 ... must_reads

[winston]

vested

Uber, Yandex Both Gain on Deal To Buy Uber Out of JVs

By Dhirendra Tripathi

The company cashed out of some of its food delivery and self-driving joint ventures in Russia and elsewhere.

The move represents the latest retreat from foreign markets for Uber, which is still struggling to become consistently profitable.

It had originally bundled its Russian operations with Yandex in 2017, after giving up ambitions to go it alone in the country.

The company will receive $1 billion in cash from the buyer, Yandex (NASDAQ:YNDX)

Source: Reuters

https://www.investing.com/news/stock-ma ... s_headline

[winston]

vested

Uber: No Sign of Upside Yet

by Steve Gray Booyens

C-Suite Issues.

There’s no sign of operational efficiency, with the total operating expense (69.37%) still exceeding that of 2018 (66.78%).

You would usually like your PS ratio to fall between 1.00 and 2.00 to justify the current stock price; Uber has a ratio of 5.65.

Source: Tip Ranks

https://www.tipranks.com/news/article/u ... M0Y0JjE%3D

[winston]

vested

Uber shares jump after finally set to halt quarterly losses

by Lizette Chapman

The company's adjusted earnings before interest, taxes, and other expenses may range from a US$25 million loss to a US$25 million profit in the third quarter.

Uber said on Tuesday adjusted earnings in the fourth quarter could range from flat to a US$100 million profit.

The boom in food delivery during the pandemic skewed Uber's business towards a lower-margin segment that might have weighed on efforts to become profitable.

Source: Bloomberg

https://www.theedgemarkets.com/article/ ... rly-losses

[winston]

vested

This Stock Looks Ready to Surge Higher

by Tara Young

TP: Our target prices are $60 and $70 in the next 3 to 6 months.

SL: To limit risk, place a stop loss below $38.00. Note that the stop loss is on a closing basis.

Our target potential upside is 33% to 56% in the next 3-6 months.

Source: Trades Of The Day

https://tradesoftheday.com/2021/09/22/t ... -higher-2/

[winston]

not vested

Uber Technologies (UBER)
52 week range: $32.90 – $64.05

The group released Q2 results in early August.

Revenue grew 105% YOY to $3.93 billion. Net income came in at $1.14 billion or 58 cents per diluted share, compared to a net loss of $1.78 billion, or $1.02 per diluted share, in the prior-year quarter.

Unrestricted cash and short-term investments stood at $5 billion at the end of the quarter.

Monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July.

Reaching profitability in such an industry has so far proven difficult. Uber’s net loss declined from $8.5 billion in 2019 to $6.8 billion in 2020.

The company generated a net profit of $1 billion during the first half of 2021. Yet the profit was derived mainly from selling its ATG self-driving business to its start-up competitor Aurora for $4 billion.

UBER stock currently trades at $46, down almost 9% YTD. The shares trade at 5.8 times current sales.

Source: Investor Place

[winston]

not vested

Uber Technologies (UBER)
52 week range: $32.90 – $64.05

The group released Q2 results in early August.

Revenue grew 105% YOY to $3.93 billion. Net income came in at $1.14 billion or 58 cents per diluted share, compared to a net loss of $1.78 billion, or $1.02 per diluted share, in the prior-year quarter.

Unrestricted cash and short-term investments stood at $5 billion at the end of the quarter.

Monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July.

Reaching profitability in such an industry has so far proven difficult. Uber’s net loss declined from $8.5 billion in 2019 to $6.8 billion in 2020.

The company generated a net profit of $1 billion during the first half of 2021. Yet the profit was derived mainly from selling its ATG self-driving business to its start-up competitor Aurora for $4 billion.

UBER stock currently trades at $46, down almost 9% YTD. The shares trade at 5.8 times current sales.

Source: Investor Place

[winston]

vested

Uber: Neutral Outlook For Taxi Disruptor As Challenges Remain

By Geoff Considine

Uber’s take rate was 25.8% a year ago, but has declined to 18.7% as the company gives drivers more incentives.

The consensus rating for UBER is bullish and the consensus 12-month price target is 49.6% above the current share price.

Of the 22 analysts, 21 give UBER a buy rating and 1 assigns a hold rating.

In light of the substantial disagreement between the analysts and the options market, I am maintaining a neutral rating on the stock.

Source: investing.com

https://www.investing.com/analysis/uber ... s_headline