Legal and Insurance Issues - Uber is suing law firms, doctors, and pain management clinics for allegedly staging car accidents and performing unnecessary surgeries to exploit New York's no-fault insurance policies [1] - A similar racketeering lawsuit was filed by American Transit Insurance Co (ATIC), which reported $700 million in net losses in Q2 2024 and blamed fraud for its financial difficulties [2] - ATIC stated it is addressing solvency issues amid rampant insurance fraud and escalating costs [3] - Uber sued ATIC in 2024, claiming the insurer's practices led to crash-related lawsuits against Uber and its drivers [3] Impact on Uber and Industry - Rising insurance costs have increased consumer prices and contributed to a slowdown in Uber bookings, prompting the CEO to push for insurance and tort reform [4] - Insurance fraud cost the industry $308 6 billion in 2022, up from $80 billion in 1995 [4] - Uber expressed concerns that proposed changes to commercial auto insurance requirements in New York City could leave drivers unable to insure their vehicles [5] Business Performance and Strategy - Uber One membership program saw a 70% year-over-year increase, reaching over 25 million members as of Q3 2024 [6] - The company is focusing on growth opportunities beyond major cities [6]

Uber Technologies (UBER) is slated to release fourth-quarter 2024 results on Feb. 5, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 50 cents per share and $11.7 billion, respectively.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The earnings estimate for the to-be-reported quarter has declined 9.1% over the past 60 days. The bottom-line projection indicates a year-over-year decline of 24.2%. The Zacks Consensus Es ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Many riders prefer the convenience of ride-sharing services over the lower fares of public transportation. New research led by the University of Michigan helps show why modest surcharges to shared rides won't change transit usage. Credit: Miki Tsuchiya Research led by the University of Michigan has arrived at a surprisingly unsu ...

The market expects Uber Technologies (UBER) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 5, 2025, might help the stock move higher if these key num ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

It's not a huge price break, but it may be all this stellar stock is going to offer you.Looking for growth? Do you also like discounts? It's rare to see a stock that offers meaningful amounts of both. But, it does happen every now and then.Uber Technologies (UBER 0.38%) is one such name right now. Here's a closer look at why you might want to act while you can still step in at a bargain price.Uber has lived up to expectationsIt wasn't too long ago that the idea of random people using their own vehicles to f ...

Uber (UBER 0.38%) stock is selling at a discounted price because of fears that driverless car technology will hurt its business.*Stock prices used were the afternoon prices of Jan. 21, 2025. The video was published on Jan. 23, 2025. ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Uber Technologies (UBER) , which belongs to the Zacks Internet - Services industry, could be a great candidate to consider.This ride-hailing company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 122.15%.For the last reported quarter, Uber cam ...

SAN FRANCISCO, Jan. 23, 2025 /PRNewswire/ -- With winter hosting and game day celebrations in full swing, Uber Eats (NYSE: UBER) today announces a new partnership with Wegmans Food Markets, Inc., bringing the beloved supermarket's products directly to customers' doors. Starting this month, Uber Eats users will have the convenience of ordering from Wegmans' expansive collection of high-quality groceries through the app, increasing consumer access to the company's offerings. Wegmans locations in Massachusetts ...

SAN FRANCISCO, Jan. 22, 2025 /PRNewswire/ -- Uber Eats (NYSE: UBER) is excited to announce a new partnership with The Home Depot (NYSE: HD), the world's largest home improvement retailer. Starting today, customers can order Home Depot products through the Uber Eats app for convenient on-demand or scheduled delivery. This collaboration will make home improvement projects easier than ever, providing quick access to essential tools, supplies, and more delivered to doorsteps and job sites. Whether you're a prof ...