Uber Technologies Inc reports results for the quarter ended in March - Earnings Summary
Uber Technologies Inc UBER reported a quarterly adjusted loss of 32 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of thirty five analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 4 cents to 50 cents per share.
Revenue rose 14.8% to $10.13 billion from a year ago; analysts expected $10.11 billion.
Uber Technologies Inc's reported EPS for the quarter was a loss of 32 cents.
The company reported a quarterly loss of $654 million.
Uber Technologies Inc shares had fallen by 8.5% this quarter and gained 14.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.7% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 46 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for Uber Technologies Inc is $90.00
This summary was machine generated from LSEG data May 8 at 02:22 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Mar. 31 2024 | 0.23 | -0.32 | Missed |
Dec. 31 2023 | 0.17 | 0.66 | Beat |
Sep. 30 2023 | 0.12 | 0.10 | Missed |
Jun. 30 2023 | -0.01 | 0.18 | Beat |