Surging Earnings Estimates Signal Upside for Uber (UBER) Stock

Core Viewpoint - Investors are encouraged to consider investing in Uber Technologies due to improving earnings estimates and positive stock momentum [1][7]. Estimate Revisions - There is a rising trend in earnings estimate revisions for Uber, reflecting growing analyst optimism about the company's earnings prospects [2]. - The consensus earnings estimate for the current quarter is $0.51 per share, representing a significant increase of +259.38% from the previous year [4]. - For the full year, the expected earnings are$ 2.54 per share, which is a decrease of -44.3% from the prior year, but there has been a positive trend with 13 upward revisions against two downward revisions, resulting in a 5.45% increase in the consensus estimate [5]. Zacks Rank - Uber currently holds a Zacks Rank 2 (Buy), indicating favorable estimate revisions and a strong potential for stock performance [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Stock Performance - The stock has gained 19% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [7].