Uber Heads Into Q3 With Wall Street Seeing 58% Upside

What happened

Uber is due to report third-quarter results on Nov. 4, with analysts focused on bookings, free cash flow and competition from autonomous cars. UBS kept a Buy rating but lowered its price target to $106 from $110; Bank of America also rated the stock Buy.

Confirmed

Global impact / market context

The results could show whether bookings and profit growth are holding up despite tougher comparisons and new competition. If Uber’s report or outlook falls short of analysts’ expectations, investors could reassess forecasts for revenue and cash generation; stronger results could support confidence in those forecasts.

Analyst inference

Analysts cited in the article expect revenue of $14.67 billion and earnings of $0.86 per share, while Bank of America forecasts bookings near $59.78 billion and earnings of $0.91 per share. The wider analyst view remains Strong Buy, but forecasts are not results.

Confirmed

What to watch

1. Uber’s Nov. 4 report should reveal actual bookings, revenue and profit, allowing investors to compare performance with the forecasts cited in the article. Confirmed
2. Management’s comments on bookings, profitability and partnerships with autonomous-vehicle companies could clarify how Uber plans to address competition from self-driving services. Confirmed
3. Watch whether tougher U.S. comparisons and scooter competition in Brazil constrain growth; weaker bookings or cash generation could pressure analysts’ forecasts and investor confidence. Analyst inference

Evidence

• gurufocus.com