If you’re an investor looking for an exciting opportunity in the financial markets, Uber Technologies (UBER) could be the stock for you. With its platform providing access to transportation, food delivery services, and logistics solutions, Uber is a key player in the rapidly evolving tech industry. What makes this company even more enticing is its strong earnings outlook and growth potential.
Earnings Outlook and Growth Potential
Analysts have given Uber Technologies a favorable earnings outlook, resulting in its coveted Zacks Rank #1 (Strong Buy). The company’s earnings estimates have seen significant upward revisions, with the Zacks Consensus EPS Estimate of $0.42 up 450% since October of last year.
In addition, Uber’s revenue growth has been impressive, with projected earnings growth of 110% and a 200% increase in revenue from FY18 to FY22. The company’s growth potential is further emphasized by its Style Score of “A” for Growth, making it an attractive option for growth-focused investors.
Consistent Business Momentum
Uber’s latest quarterly results demonstrate its continued business momentum. With year-over-year growth in Trips and Gross Bookings, as well as record quarterly free cash flow of $1.1 billion, the company is showing strong performance.
Looking ahead, analysts expect Uber to post Trips of 2.4 billion in its upcoming release, reflecting a 21% increase from the same period last year. This indicates that the company’s business momentum is likely to continue.
Technical Analysis
Uber’s stock has shown resilience, consistently finding buyers at its 200-day daily moving average. Given the recent market volatility and sideways action in shares, this level could potentially be re-tested in the near future.
Conclusion
With its impressive earnings outlook, growth potential, and consistent business momentum, Uber Technologies (UBER) is an excellent stock to consider for investors. This is further supported by its Zacks Rank #1 (Strong Buy), indicating that it is expected to outperform the market. Seize this opportunity and invest in one of the most promising players in the tech industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
