In the past few weeks, Uber stock has performed poorly. Nevertheless, Wall Street analysts continued providing a positive outlook on this stock. On Wednesday, Oppenheimer analyst Jason Helfstein reiterated his positive outperform rating for Uber stock, asserting that the company has the "most upside within large-cap internet" firms.
UBER Earnings Forecast
Uber is anticipated to report earnings of $0.31 per share for the current quarter, representing a 72.2% increase from the previous year. The consensus earnings estimate of $0.85 for the current fiscal year represents a 2.3% decline from the previous year, with a -31.1% change in this estimate over the past month.
The consensus earnings estimate of $2.17 for the upcoming fiscal year indicates a 155.6% increase from the anticipated report from one year ago, with the estimate having fluctuated by 2.2% in the past month.
UBER Estimated Revenue Growth
Although earnings growth is a critical indicator of a company's financial health, revenue growth is also essential. It is imperative to evaluate a company's potential for revenue development, as sustained earnings growth is difficult to achieve without revenue increases.
The current quarter's consensus sales estimate of $10.57 billion for Uber indicates a 14.5% year-over-year increase. The current and upcoming fiscal years are anticipated to experience increases of 15.9% and 16.9%, respectively, with estimates of $43.21 billion and $50.5 billion.
Uber's revenue increased by 14.8% yearly to $10.13 billion in the most recently reported quarter. The EPS for the same period was $0.32, a decrease from $0.08 a year ago. Uber has surpassed consensus EPS estimates twice and surpassed consensus revenue estimates twice in the last four quarters.
