Uber’s Impressive 6.0% Surge: Is It the Start of Sustained Growth?

Avatar photo

**Uber Technologies (UBER)** saw a significant share price increase of 6%, closing at $73.85 during the last trading session due to higher-than-average trading volume. This surge follows the company’s announcement of adding new retailers to its Uber Eats marketplace, enhancing its on-demand delivery options.

In its upcoming quarterly earnings report, Uber is expected to report earnings of $0.84 per share, a year-over-year increase of 33.3%. Revenue projections are set at **$14.16 billion**, marking an 11.9% increase compared to the same quarter last year. The consensus EPS estimate has remained stable over the last 30 days, indicating potential resilience in the stock price.

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.

The free Daily Market Overview 250k traders and investors are reading

Read Now