In the latest trading session, Uber Technologies (UBER) closed at $68.94, marking a -1.46% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq decreased by 0.02%.
Shares of the ride-hailing company have depreciated by 1.24% over the course of the past month, outperforming the Computer and Technology sector's loss of 2.28%, and lagging the S&P 500's gain of 0.67%.
The investment community will be closely monitoring the performance of Uber Technologies in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. On that day, Uber Technologies is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 69.77%. Alongside, our most recent consensus estimate is anticipating revenue of $14.74 billion, indicating a 9.43% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.2 per share and revenue of $57.91 billion. These totals would mark changes of -39.62% and +11.32%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Uber Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.54% lower. Right now, Uber Technologies possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Uber Technologies is presently being traded at a Forward P/E ratio of 21.89. This expresses a premium compared to the average Forward P/E of 14.91 of its industry.
We can additionally observe that UBER currently boasts a PEG ratio of 5.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Internet - Services industry had an average PEG ratio of 1.61.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 72, finds itself in the top 30% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Uber Technologies, Inc. (UBER): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).