Uber shares start trading What to know in markets Friday

Revenues of $3.93bn produced an operating loss of $1.19bn and EBITDA loss of $509m. Uber Technologies provides a world famous platform for transportation hotforex broker and food ordering services. Since its inception in 2009, Uber has revolutionised passenger transportation, proving itself as a popular ride-hailing app.

  1. No investment decision can be efficient without considering a stock’s valuation.
  2. Compared to the Zacks Consensus Estimate of $9.75 billion, the reported revenues represent a surprise of +1.94%.
  3. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
  4. Uber reported revenues of $9.94 billion in the last reported quarter, representing a year-over-year change of +15.4%.

Uber, on the other hand, is much further along, and delivered its first profitable year on a GAAP basis in 2023. The company generated $1.9 billion in net income, which was a massive swing from its $9.1 billion net loss in 2022. The latter figure was negatively affected by paper losses on some of Uber’s investments, which are captured under GAAP accounting rules. According to the above table, DoorDash grew its revenue significantly faster than Uber in 2023. However, as I mentioned, Uber is a much larger company, and had four times more money come through the door.

Sales & Book Value

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. Compared to the Zacks Consensus Estimate of $9.75 billion, the reported revenues represent a surprise of +1.94%. Our $68 fair value estimate represents an enterprise value of four times our 2023 revenue estimate. We project that Uber’s revenue could grow 17% on average annually over the next five years. With its 4-star rating, we believe Uber’s stock is undervalued compared with our long-term fair value estimate.

How to trade Uber CFDs?

For example, Alphabet’s Waymo autonomous vehicles are available on Uber in Phoenix, Arizona. DoorDash likes to cite its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization), which strips out one-off and non-cash expenses like stock-based compensation. Wall Street typically doesn’t consider it to be “true” profitability, but DoorDash delivered $1.2 billion in adjusted EBITDA in 2023, which tripled its 2022 result. Under new Chief Executive David Risher, Lyft has cut costs and lowered fares in a bid to catch up to Uber. Analysts will be listening for commentary from Uber on whether it has had to adjust prices in response.

About MarketBeat

Many investors have looked to Lyft’s stock as a proxy for Uber’s eventual performance, given the essential duopoly of the domestic ride-hailing market. As of April 29, Uber had 64% U.S. marketshare of ride share, in terms of customer spend, versus Lyft’s 36%, according to a report from research firm Edison Trends. For the third quarter ending Sept. 30, analysts expect Uber to post earnings of 7 cents per share on sales of $9.54 billion, according to FactSet. In the same quarter last year, Uber lost 61 cents per share on $8.34 billion in revenue. Uber is expected to post earnings of $0.21 per share for the current quarter, representing a year-over-year change of +362.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.9%.

Inc. (0.01%), Campbell Capital Management Inc. (0.00%), Modus Advisors LLC (0.00%), General Partner Inc. (0.00%), Arden Trust Co (0.00%) and Moseley Investment Management Inc. (0.00%). Insiders that own company stock include Dara Khosrowshahi, Jill Hazelbaker, Nelson Chai and Tony West. Uber axitrader review Technologies (UBER) raised $8.5 billion in an initial public offering on Friday, May 10th 2019. The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. Uber Technologies (UBER) is one of the stocks most watched by Zacks.com visitors lately.

The service was 35 per cent less expensive than original black cars and allowed anyone with a car and a licence to become a company’s freelance driver. Shares of a ride-sharing company are listed and traded on the New York Stock Exchange under the ticker abbreviation UBER. It all mercatox exchange reviews began with an exclusive on-demand black car service for wealthy people. Later on, the company broadened its customer base by introducing the low-cost ride-sharing service UberX. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.