FY2027 Earnings Forecast for UBER Issued By Zacks Research

Uber Technologies, Inc. (NYSE:UBER) – Equities research analysts at Zacks Research issued their FY2027 earnings estimates for Uber Technologies in a report released on Wednesday, February 26th. Zacks Research analyst S. Goswami expects that the ride-sharing company will post earnings per share of $3.85 for the year. The consensus estimate for Uber Technologies’ current full-year earnings is $2.54 per share.

UBER has been the subject of several other reports. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Piper Sandler reissued an “overweight” rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.94.

Uber Technologies Price Performance

Shares of UBER stock opened at $74.20 on Friday. The stock’s 50-day moving average is $69.22 and its 200 day moving average is $71.48. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $155.00 billion, a P/E ratio of 16.27, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently modified their holdings of the business. Brucke Financial Inc. purchased a new position in Uber Technologies during the fourth quarter worth approximately $365,000. Azzad Asset Management Inc. ADV raised its stake in shares of Uber Technologies by 2.4% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,770 shares of the ride-sharing company’s stock worth $2,097,000 after buying an additional 804 shares during the period. ABLE Financial Group LLC lifted its position in shares of Uber Technologies by 36.5% during the 4th quarter. ABLE Financial Group LLC now owns 12,643 shares of the ride-sharing company’s stock valued at $763,000 after buying an additional 3,382 shares in the last quarter. Tiptree Advisors LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $4,563,000. Finally, Bernard Wealth Management Corp. purchased a new stake in Uber Technologies in the 4th quarter worth $1,050,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

About Uber Technologies

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.