Seeking Clues to Uber (UBER) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

The upcoming report from Uber Technologies (UBER) is expected to reveal quarterly earnings of $0.51 per share, indicating an increase of 259.4% compared to the year-ago period. Analysts forecast revenues of $11.6 billion, representing an increase of 14.5% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.Given this perspective, it's time to examine the average forecasts of specific Uber metrics that are routinely monitored and predicted by Wall Street analysts.The consensus estimate for 'Revenue- Mobility' stands at $6.55 billion. The estimate indicates a change of +16.3% from the prior-year quarter.The consensus among analysts is that 'Revenue- Freight' will reach $1.30 billion. The estimate indicates a change of +0.9% from the prior-year quarter.Analysts expect 'Revenue- Delivery' to come in at $3.78 billion. The estimate points to a change of +17.7% from the year-ago quarter.The average prediction of analysts places 'Geographic Revenue- Latin America' at $736.14 million. The estimate suggests a change of +3.7% year over year.Analysts forecast 'Geographic Revenue- United States and Canada' to reach $6.18 billion. The estimate indicates a change of +12.9% from the prior-year quarter.It is projected by analysts that the 'Geographic Revenue- Asia Pacific' will reach $1.34 billion. The estimate suggests a change of +12.5% year over year.According to the collective judgment of analysts, 'Geographic Revenue- Europe, Middle East and Africa' should come in at $3.27 billion. The estimate indicates a year-over-year change of +18.6%.The combined assessment of analysts suggests that 'Gross Bookings - Total' will likely reach $42.87 billion. The estimate compares to the year-ago value of $37.65 billion.Based on the collective assessment of analysts, 'Gross Bookings - Delivery' should arrive at $20.28 billion. The estimate compares to the year-ago value of $17.70 billion.The collective assessment of analysts points to an estimated 'Gross Bookings - Mobility' of $21.49 billion. Compared to the current estimate, the company reported $18.67 billion in the same quarter of the previous year.Analysts' assessment points toward 'Gross Bookings - Freight' reaching $1.30 billion. The estimate compares to the year-ago value of $1.28 billion.Analysts predict that the 'Monthly Active Platform Consumers (MAPCs)' will reach 168. The estimate is in contrast to the year-ago figure of 149.View all Key Company Metrics for Uber here>>>Shares of Uber have experienced a change of +15.8% in the past month compared to the -0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), UBER is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Uber Technologies, Inc. (UBER): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks