Uber Technologies Analysts Boost Their Forecasts After Q2 Results
Portfolio Pulse from Lisa Levin
Uber Technologies reported a 14% YoY revenue growth for Q2 FY23, slightly missing the consensus. However, its adjusted EPS of $0.02 beat the consensus loss of $(0.01). Following the earnings announcement, several analysts raised their price targets on Uber. Despite this, Uber shares fell 5.7% to close at $46.65 on Tuesday.
August 04, 2023 | 11:03 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Uber's Q2 FY23 results missed revenue expectations but beat EPS consensus. Several analysts raised their price targets on the stock, yet shares fell 5.7%.
Despite beating EPS consensus and receiving raised price targets from analysts, Uber's stock fell due to the revenue miss. This suggests that the market is more concerned about the company's revenue growth than its profitability at this stage.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100