Seaport Res Ptn Has Positive Estimate for UBER Q4 Earnings

Uber Technologies, Inc. (NYSE:UBER) – Research analysts at Seaport Res Ptn upped their Q4 2024 earnings estimates for Uber Technologies in a report released on Thursday, October 31st. Seaport Res Ptn analyst A. Kessler now forecasts that the ride-sharing company will earn $0.56 per share for the quarter, up from their prior estimate of $0.50. The consensus estimate for Uber Technologies’ current full-year earnings is $1.09 per share. Seaport Res Ptn also issued estimates for Uber Technologies’ Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $2.56 EPS.

A number of other research firms have also recently weighed in on UBER. DA Davidson reaffirmed a “buy” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, October 17th. Morgan Stanley upped their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. UBS Group boosted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

Uber Technologies Price Performance

Shares of UBER stock opened at $74.18 on Monday. Uber Technologies has a 12 month low of $46.68 and a 12 month high of $87.00. The company has a market capitalization of $155.85 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34. The firm’s 50-day moving average is $75.40 and its two-hundred day moving average is $70.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the business earned $0.10 EPS. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC grew its stake in Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 1,383 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at $799,000. Samlyn Capital LLC purchased a new stake in shares of Uber Technologies during the second quarter worth $134,987,000. Hedeker Wealth LLC purchased a new position in Uber Technologies in the third quarter valued at about $6,519,000. Finally, Brookstone Capital Management increased its holdings in Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after buying an additional 25,814 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Company Profile

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.