Uber’s Stock Under Pressure Ahead Of Earnings – What To Expect
Uber’s stock (NYSE: UBER) is under pressure ahead of earnings, 1.18% lower pre-market, to add to a 5.95% pullback since the start of the year. With Uber’s stock price back at $77 ahead of this morning’s print, plenty of support levels have gone by the wayside in recent months.
Consensus sits at $0.79 EPS and $14.28B revenue, representing 19.9% year-over-year revenue growth, but the Street’s focus has shifted from top-line delivery to margin durability following Q3’s operating profit miss despite strong demand metrics.
The setup reflects a market that has re-priced Uber from a growth story to a profitability prove-out. Management guided Q4 adjusted EBITDA to $2.41B–$2.51B (midpoint $2.46B) and gross bookings to…
