Uber Technologies (UBER) , a leading ride-hailing company, is set to report second-quarter 2024 results on Aug 6, before market open.  The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 31 cents per share and $10.6 billion, respectively.The earnings estimate for the to-be-reported quarter has remained stable over the past 60 days. The bottom-line projection indicates year-over-year growth of 72.2%. The Zacks Consensus Estimate for quarterly revenues suggests a y ...

BofA Securities analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc. UBER, with a price forecast of $87.The company will hold its quarterly conference call on Tuesday, August 6th, to discuss its second quarter 2024 financial results.The analyst projects stable 21% growth in bookings excluding foreign exchange, with total bookings, revenue, and EBITDA expected to reach $39.7 billion, $10.6 billion, and $1.52 billion, respectively.BAC aggregated credit & debit card data suggests stable secon ...

Uber on Wednesday (July 31) announced a multiyear strategic partnership aimed at integrating 100,000 BYD electric vehicles (EVs) into its platform across several key global markets.The initiative will begin in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia and New Zealand. This partnership will provide Uber drivers with competitive pricing and financing options for BYD vehicles, representing a major advancement in Uber’s commitment to sustainable transportation.Uber, wh ...

Analyst Estimates for Q2 2024Q1 2024Q2 2023Revenue$10.56 billion$10.13 billion$9.23 billionDiluted EPS (Loss)31 cents(31 cents)19 centsNet Income (Loss)$652.33 million($654 million)$394 million Key Metric: Gross Bookings for Food Delivery vs. Rideshare Trips UBS analysts in a Monday note cited data from tracking firm Sensor Tower, which showed Uber Eats performing better than Uber's namesake ridesharing platform in terms of converting monthly active users (MAUs) to daily active users over the course of t ...

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479).BEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and financing deals for the Chinese company's electric cars, starting in Europe and Latin America.The two companies will also develop "autonomous-capable vehicles" for Uber's platform, according to a press release.The multi-year strategic partnership, which the compan ...

Uber Technologies (UBER) closed at $63.76 in the latest trading session, marking a -0.99% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.07%.Prior to today's trading, shares of the ride-hailing company had lost 11.39% over the past month. This has lagged the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21% in that time.The invest ...

The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state.The court’s ruling upheld a lower-court decision that Proposition 22, a 2020 ballot measure that allowed companies to classify drivers as gig workers, was constitutional, the Wall Street Journal (WSJ) reported Thursday.A yearslong legal battle followed voters’ passage of Proposition 22, as some drivers and the Service Employees International Union (SEIU ...

In the latest trading session, Uber Technologies (UBER) closed at $67.73, marking a +0.62% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.08%. At the same time, the Dow added 0.32%, and the tech-heavy Nasdaq gained 1.58%.The ride-hailing company's shares have seen a decrease of 4.13% over the last month, surpassing the Computer and Technology sector's loss of 4.77% and falling behind the S&P 500's gain of 0.43%.Investors will be eagerly watching for the perform ...

Key TakeawaysUber Technologies shares rose Tuesday after the company announced new features, including the ability to search what offerings are available in thousands of cities around the world.Users will be able to see average wait times and prices for trips.Uber also announced a partnership with Air France-KLM Group that would allow Flying Blue members to earn miles while using Uber in France and the Netherlands. Uber Technologies (UBER) announced a number of new features Tuesday, including the ability fo ...

Uber on Tuesday announced it's rolling out a new feature that lets users see average wait times and costs for rides in more than 10,000 cities.The feature, which aims to make planning summer travel easier, comes as record numbers of travelers are passing through U.S. airports.The average wait times and prices are based on recent historical aggregated data of Uber trips, both on-demand and reserved, within that city, according to Uber. Customers can see the price for a specific route at the date and time tha ...