Uber Technologies (UBER) Beats Q1 Earnings Estimates

Core Insights - Uber Technologies reported quarterly earnings of $0.83 per share, exceeding the Zacks Consensus Estimate of$ 0.51 per share, and a significant improvement from a loss of $0.32 per share a year ago, representing an earnings surprise of 62.75% [1] - The company posted revenues of$ 11.53 billion for the quarter ended March 2025, slightly missing the Zacks Consensus Estimate by 0.61%, but showing growth from $10.13 billion in the same quarter last year [2] - Uber's stock has increased by approximately 42.3% since the beginning of the year, contrasting with a decline of -4.7% in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.60, with projected revenues of $12.3 billion, and for the current fiscal year, the EPS estimate is$ 2.51 on revenues of $50.42 billion [7] - The estimate revisions trend for Uber is mixed, leading to a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Internet - Services industry, to which Uber belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting that the overall industry outlook may impact Uber's stock performance [8]