from Uber’s Q4 Earnings Report
Uber (UBER) is expected to report its fourth quarter 2022 results on February 8, before the market opens.
Here’s what analysts expect from the ride-hailing giant, as compiled by Bloomberg:
Sales Q4: $8.47 billion expected
Q4 delivery bookings: $14.22 billion expected
Q4 loss per share: -12 cents expected
Q4 net loss: $317.2 million expected
2022 gross bookings: $135.03 billion expected
Hopes are high for Uber for this earnings cycle, as the company is widely expected to at least meet, if not exceed, analysts’ expectations.
“Overall, we expect broadly consistent fourth-quarter results based on industry data points, but expect investor focus in 2023 to be guidance and EBITDA leverage,” wrote Aaron Kessler, analyst at Raymond James , on February 6th. “We remain positive on Uber given our expectation of continued mobility recovery.”
“Ongoing Recovery”
The ride-hailing giant’s chances of a good day are boosted by the fact that not only is mobility recovering post-pandemic, but rider supply is picking up again after a long shortage.
“As a key contributor, we see evidence of an ongoing driver supply recovery that is likely to help boost the company’s adoption rate and fourth-quarter Ebitda margin,” Evercore analyst Mark Mahaney wrote in a recent note to investors. “Nevertheless, we remain cautious about the delivery segment, which is being impacted by a potential slowdown in consumer demand, although we have not yet seen any clear evidence of this.”
The logo of Uber is seen at a temporary showroom on Promenadenstrasse during the World Economic Forum (WEF) 2023 at Alpenresort Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann
Rival Lyft (LYFT) is expected to announce its own earnings on February 9th, putting the pressure on both companies whose results will no doubt draw comparisons.
Over the past 12 months, shares of Uber are down about 9%. So far in 2023, the company’s stock is up about 37%.
Allie Garfinkle is Senior Tech Reporter at Yahoo Finance. Follow her on Twitter at @agafinks and further LinkedIn.
Click here for the latest earnings reports and analysis, earnings whispers and expectations, and corporate earnings news
Read the latest financial and business news from Yahoo Finance
Download the Yahoo Finance App for Apple or Android
Follow Yahoo Finance on Twitter, Facebook, Instagram, flipboard, LinkedInAnd youtube
Don’t miss interesting posts on Famousbio
