Uber Technologies, Inc. (NYSE:UBER) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, UBER is expected to report 3Q20 loss of $ 0.65 per share from revenue of $ 3200.68 million.
For the full year, analysts anticipate top line of $ 12789.20 million, while looking forward to loss of $ 3.86 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 16,000.00 million ~ $ 17,000.00 million
Click Here For More Historical Outlooks Of Uber Technologies, Inc.
Previous Quarter Performance
Uber Technologies, Inc. posted loss for the second quarter of $ 0.73 per share, from the revenue of $ 2,241.00 million. The quarterly revenues declined 29.22 percent compared with the same quarter last year. Wall street analysts are predicting, UBER to report 2Q20 loss of $ 0.86 per share from revenue of $ 2176.46 million. The bottom line results beat street analysts by $ 0.13 or 15.12 percent, at the same time, top line results outshined analysts by $ 64.54 million or 2.97 percent.
Stock Performance
Shares of Uber Technologies, Inc. traded up $ 5.22 or 14.59 percent on Wednesday, reaching $ 40.99 with volume of 101.22 million shares. Uber Technologies, Inc. has traded high as $ 42.15 and has cracked $ 39.00 on the downward trend
The closing price of $ 40.99, representing a 160.90 % increase from the 52 week low of $ 13.71 and a 15.14 % decrease over the 52 week high of $ 42.15.
The company has a market capital of $ 71.84 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 45.00 target price.
- On 9th October 2020, maintained by Mizuho at Buy rating, with $ 47.00 target price.
Conference Call
Uber Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.uber.com
Uber Technologies, Inc. develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets.
