Uber Scheduled to Report Q1 Earnings on May 6
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy UBER?
Uberis scheduled to report results for its first fiscal quarter before the market opens on Wednesday, May 6, with a conference call scheduled for 8:00 am ET. What to watch for:EXPECTATIONS:Last quarter, Uber reported Q4 adjusted EPS of 71c and revenue $14.4B, versus consensus of 78c and $14.32B, respectively. For Q1, the company said it saw adjusted EPS in the range of 65c-72c, with consensus at 75c at the time, and Q1 Gross Bookings between $52B-$53.5B, representing growth of 17% to 21% year-over-year on a constant currency basis.Current consensus EPS and revenue forecasts for Uber's Q1 stand at 71c and $13.26B, respectively, according to data from Yahoo Finance.STRONG RESULTS:TD Cowen expects Uber to report strong Q1 results. Uber shares are flat since Q4 results and are down about 5% year-to-date, the firm notes. TD Cowen sees potential for share upside as its outlook for Uber remains strong, given 2026 Mobility gross bookings reported growth in the high teens year-over-year, supported by lower prices in key markets; robust delivery gross bookings growth year-over-year supported by strong underlying user growth, further expansion into the Grocery & Retail verticals; Uber One growth and ramping adv biz; strong EBITDA growth supported by cost efficiencies; and the continue ramp of autonomous vehicle partnerships around the globe. The firm has a Buy rating on the stock with a price target of $114.U.S. AV CATALYSTS:In a research note ahead of earnings, BofA told investors that given Q1 industry data, it expects relatively in-line bookings and revenues. With Q1 weather issues and Uber's investment for growth posture, the firm doesn't anticipate upside. Autonomous vehicle outlook remains a big sentiment driver, and BofA expects positive comments on multiple partnerships and Nvidiaprogress and questions on readiness of U.S. second half of the year autonomous vehicle partners, merchant fee changes, share in Waymo markets, and gas price impact on driver supply. The firm has a Buy rating on Uber with a price target of $103.STRONGEST SETUP:In a Ridesharing & Delivery Q1 preview research note, Roth told investors that the firm believes Uber has the strongest setup with clear valuation support in low-$70s and potential upside if AV is framed as margin-accretive. Roth added that it would be an aggressive buyer below $73, seeing a clear pathway for the stock to move above $85.SENTIMENT:Clickto check out the recent Media Buzz Sentiment on Uber as measured by TipRanks.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 79.170
Low
72.00
Averages
107.10
High
150.00
Current: 79.170
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Profitability Improvement: Non-GAAP EPS rose by 44% year-over-year, and the company returned a record $3 billion to shareholders through buybacks this quarter, reflecting ongoing enhancements in capital management and profitability, which bolster investor confidence.
- Accelerated Product Expansion: Uber now offers 700,000 hotels on its platform, with Uber One members receiving 10% Uber credits, which not only enhances user experience but also attracts more customers through increased product diversity, driving revenue growth.
- Autonomous Driving Progress: Uber has partnered with over 30 autonomous driving partners, with AV mobility trips growing more than 10x year-over-year, and is on track to launch in 15 cities by year-end, marking a significant step in the company's strategic positioning in the autonomous driving sector, with potential for higher market penetration in the future.
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- Stock Price Plunge: Following this announcement, Whirlpool's shares dropped 20% in premarket trading, reflecting market concerns about the company's future performance and a pessimistic outlook on macroeconomic conditions.
- Earnings Guidance Cut: The company slashed its full-year earnings forecast from approximately $6 per share to a range of $3 to $3.50, nearly halving its expectations, primarily due to rising raw material inflation and increased net tariff impacts, indicating significant cost pressures.
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- Positive Market Reaction: AMD's stock has skyrocketed approximately 320% over the past 12 months, with CEO Lisa Su stating that the demand for CPUs driven by intelligent agents has led the company to double its long-term outlook.
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