Will Uptick in Gross Bookings Aid UBER's Q4 Earnings Results?

Zacks02-03 23:38

Uber Technologies UBER is slated to release fourth-quarter 2024 results on Feb. 5, before market open. The results will be highly influenced by how the company performs with respect to a key metric – ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Uptick in Gross Bookings Aid UBER's Q4 Earnings Results?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-03 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/uptick-gross-bookings-aid-ubers-153800065.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber Technologies UBER is slated to release fourth-quarter 2024 results on Feb. 5, before market open. The results will be highly influenced by how the company performs with respect to a key metric – ...</p>\n\n<a href=\"https://finance.yahoo.com/news/uptick-gross-bookings-aid-ubers-153800065.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UBER","symbol_name":"优步","start_time":0,"source_url":"https://finance.yahoo.com/news/uptick-gross-bookings-aid-ubers-153800065.html","article_id":"2508259561","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508259561","pubTimestamp":1738597080,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Uber TechnologiesUBER is slated to releasefourth-quarter 2024 resultson Feb. 5, before market open.The results will be highly influenced by how the company performs with respect to a key metric – gross bookings.See the ZacksEarnings Calendarto stay ahead of market-making news.UBER beat earnings estimates in three of the trailing four quarters and missed once, the average beat being 83%. Before we delve into the factors that might have shaped UBER’s upcoming results, here is a snapshot of its third-quarter 2024 earnings report.With economic activities returning to normal levels in the post-pandemic scenario, people are traveling to work and other places as before. As a result, UBER’s Mobility business has been seeing buoyant demand with segmental revenues increasing 26% in the September quarter.Gross Bookings Are Likely to Have Been Impressive in Q4. For the final quarter, the year-over-year growth in trips is expected to be similar to that witnessed in third-quarter 2024. The outlook a","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"translate_title":"总预订量的上升会有助于UBER第四季度的盈利结果吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"LYFT":0.9},"content_text":"Uber Technologies UBER is slated to release fourth-quarter 2024 results on Feb. 5, before market open. The results will be highly influenced by how the company performs with respect to a key metric – gross bookings.\nSee the Zacks Earnings Calendar to stay ahead of market-making news.\nUBER beat earnings estimates in three of the trailing four quarters and missed once, the average beat being 83%. Before we delve into the factors that might have shaped UBER’s upcoming results, here is a snapshot of its third-quarter 2024 earnings report.\nUBER’s Q3 Highlights\nIn the third quarter of 2024, the ride hailing reported earnings per share of $1.20, which rose from the year-ago figure of 10 cents and beat the Zacks Consensus Estimate of 41 cents. Total revenues were $11.18 billion, witnessing year-over-year growth of 20.4%. The top line edged past the consensus mark of $11 billion.\nWith economic activities returning to normal levels in the post-pandemic scenario, people are traveling to work and other places as before. As a result, UBER’s Mobility business has been seeing buoyant demand with segmental revenues increasing 26% in the September quarter.\nWith customer traffic picking up, gross bookings from the unit were highly impressive, aiding third-quarter results. Gross bookings from the Mobility segment in the September quarter increased 17% on a year-over-year basis to $21 billion.\nUber’s Delivery business also performed well in the quarter, with segmental revenues growing 18% year over year. Gross bookings from the Delivery segment in the September quarter rose 16% on a year-over-year basis to $18.7 billion. Trips soared 17% to 2.9 billion, or approximately 31 million trips per day on average.\nUber exited the third quarter with cash and cash equivalents of $6.15 billion compared with $4.49 billion at the end of the prior quarter. Long-term debt, net of the current portion at the end of the reported quarter, was $10.98 billion compared with $9.45 billion in the previous quarter. Operating cash flow was $2.15 billion in the reported quarter. The free cash flow was $2.1 billion.\nGross Bookings Are Likely to Have Been Impressive in Q4\nUBER’s performance in the to-be-reported quarter might have been boosted by robust gross bookings. Uber expects gross bookings in the December quarter to be in the $42.75-$44.25 billion range, representing growth on a constant currency basis in the 16-20% band from fourth-quarter 2023 actuals. Our estimate is currently pegged at $44.15 billion.\nWe expect gross bookings in Uber’s Mobility segment to be $23.25 billion, representing 20.6% growth from year-ago actuals. Gross bookings in Uber’s Delivery segment are expected to be $19.6 billion, representing 15.2% growth from year-ago actuals.\nFor the final quarter, the year-over-year growth in trips is expected to be similar to that witnessed in third-quarter 2024. The outlook assumes a roughly two percentage point currency headwind. \nOverall Earnings & Revenue Estimations of UBER\nThe Zacks Consensus Estimate for the to-be-reported quarter’s earnings is pegged at 50 cents per share, indicating a decline of 24.2% on a year-over-year basis. The consensus mark for earnings per share has moved down 5 cents in the past 30 days. The Zacks Consensus Estimate of $11.74 billion for sales indicates an 18.2% rise on a year-over-year basis.\nOur proven model predicts an earnings beat for Uber, as it has the right combination of a positive Earnings ESP and an appropriate Zacks Rank. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\nThe company has an Earnings ESP of +1.43% and a Zacks Rank #3 (Hold) at present.\nOther Favorable Combinations in the Technology Space\nLyft LYFT has an Earnings ESP of +4.12% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nIt is scheduled to post fourth-quarter earnings on Feb. 11. The Zacks Consensus Estimate for earnings is pegged at 23 cents per share. LYFT exceeded earnings estimates in each of the trailing four quarters, the average surprise being 68.9%. LYFT shares have gained 28% in the past six months.\nDoorDash DASH has an Earnings ESP of +22.50% and a Zacks Rank #3 at present. It is scheduled to post fourth-quarter earnings on Feb. 11. The Zacks Consensus Estimate for earnings is pegged at 34 cents per share.\nDASH exceeded earnings estimates twice in the last four quarters, missing the mark on the other two occasions. The average miss is 86.2%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nLyft, Inc. (LYFT) : Free Stock Analysis Report\nUber Technologies, Inc. (UBER) : Free Stock Analysis Report\nDoorDash, Inc. (DASH) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2508259561"}