Erste Group Bank Issues Optimistic Outlook for UBER Earnings

Key Points

• Erste Group Bank raised its FY2027 EPS forecast for Uber to $4.42 from $4.41, well above the broader analyst consensus of $3.35.
• Analyst sentiment remains positive, with Uber receiving a “Moderate Buy” consensus rating and an average price target of $103.03.
• Uber’s latest quarterly results narrowly beat EPS expectations, while revenue rose 12.2% year over year; institutional investors own 80.24% of the stock.

Uber Technologies, Inc. (NYSE:UBER - Free Report) - Equities research analysts at Erste Group Bank increased their FY2027 earnings estimates for Uber Technologies in a note issued to investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the ride-sharing company will post earnings per share of $4.42 for the year, up from their previous forecast of $4.41. The consensus estimate for Uber Technologies' current full-year earnings is $3.35 per share.

Other equities analysts also recently issued research reports about the company. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research report on Tuesday, September 8th. BMO Capital Markets set a $119.00 price target on Uber Technologies in a research report on Thursday, September 3rd. Piper Sandler reaffirmed an "overweight" rating on shares of Uber Technologies in a research note on Thursday, August 13th. Scotiabank assumed coverage on shares of Uber Technologies in a research report on Wednesday, September 9th. They set a "sector outperform" rating and a $100.00 price objective on the stock. Finally, Weiss Ratings raised shares of Uber Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $103.03.

Uber Technologies Price Performance

NYSE:UBER opened at $70.80 on Tuesday. The firm has a market capitalization of $144.61 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 5.74 and a beta of 1.16. Uber Technologies has a 1 year low of $65.41 and a 1 year high of $101.99. The business has a 50 day simple moving average of $73.63 and a 200-day simple moving average of $73.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently modified their holdings of the stock. Public Investment Fund purchased a new position in Uber Technologies during the 2nd quarter worth $5,256,173,439. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter valued at about $2,515,094,000. Legal & General Group Plc acquired a new stake in Uber Technologies in the second quarter worth about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Uber Technologies in the second quarter worth about $752,151,000. Finally, Fundsmith LLP purchased a new stake in shares of Uber Technologies during the second quarter worth about $645,338,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 28,170 shares of the business's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the sale, the insider directly owned 149,525 shares of the company's stock, valued at approximately $10,662,627.75. The trade was a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Macdonald purchased 70,000 shares of the business's stock in a transaction dated Friday, September 4th. The stock was bought at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the acquisition, the insider owned 426,320 shares of the company's stock, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.81% of the company's stock.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company's core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.