Uber Technologies Beats 3Q Earnings Forecast with $975-$1.03 Billion Adjusted Ebitda: Analysts Recommend 44 Buys, 4 Holds, 1 Sell

• Uber’s adjusted Ebitda forecast for the third quarter of 2023 beats estimates.
• The forecast is set at $975 million to $1.03 billion, while the estimate was previously set at $919 million.
• Uber reported total stock-based compensation of $504 million in the second quarter of 2023, higher than the estimated $486.3 million.
• Out of the analyst ratings, 44 are buys, 4 are holds, and 1 is a sell.

A look at Uber Technologies Smart Scores

Uber Technologies Inc is a global leader in ride hailing services, providing customers with a range of transportation, navigation, ride sharing, and payment processing solutions. According to Smartkarma Smart Scores, Uber Technologies has an overall positive outlook, with a Momentum score of 5, indicating strong performance in the near future. Uber Technologies’ Growth score of 4 is also positive, suggesting that the company will continue to expand its operations and offerings in the years to come.

The company’s Value and Resilience scores are lower than its Growth and Momentum scores, at 2 and 1 respectively. Despite this, Uber Technologies’ long-term outlook is still looking bright, with its Momentum score continuing to be the highest of the five categories. Overall, the company is well-positioned to continue to provide excellent services and products to its customers in the years to come.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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