Uber shares (NAS100:UBER) are down almost 18% over the last 3 months ahead of earnings.
UBER – Daily Chart
UBER is testing the 2025 low at $78.00, and earnings will have to be strong to get a bullish posture back.
Ride sharing and delivery platform Uber reports earnings on Wednesday before the US bell.
Uber beat analysts’ revenue expectations by 1.5% last quarter, with revenues of $13.4 billion, up 20.4% year on year. It was a good quarter for the company, with strong growth in its users, but a slight miss of earnings estimates added further selling pressure to the company’s stock. Uber reported 189 million users, up 17.4% year on year, and that will be the target for the coming release.
In the latest quarter, analysts are expecting Uber’s revenue to be up 19.9% year on year to $14.34 billion, matching the 20.4% increase it recorded in the same quarter last year. Adjusted earnings are projected to come in at $0.69 per share.
Analysts from Cantor Fitzgerald predicted “favorable tailwinds” for the ride-hailing giant, including reduced insurance premiums and a “solid demand environment,” which could improve the mobility business this year.
The report added that gross bookings (including rides and eats) would be above prior guidance, with FY26 bookings expected to fall within the “high teens %”. The company’s EBITDA growth is projected to exceed the guidance range of $2.41-$2.51 billion.
Uber bulls will be looking for something to arrest the recent slide in the company’s stock price.
