FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
Markets.com information and reviews
FxPro information and reviews
47 085.73

Uber earnings preview: Is a surprise on the cards?

7 February 2020

The past few months have been rough for Uber Technologies, Inc as the multi-national ride-hailing giant grappled with profitability concerns, multiple regulatory challenges and growing competition.

Price wars with competitor Lyft have negatively impacted profitability, with Uber reporting losses of $1.2 billion during the third quarter of 2019 and $5.2 billion in Q2. After US markets close on Thursday, Uber Technologies, Inc. will release its fourth quarter financial results with investors paying very close attention towards gross bookings, ride segment results and Uber eats.

Wall Street expects the ride-hailing giant to book a $1.2 billion loss, piling up Uber’s losses for 2019 at a painful $8.5 billion. Revenues are expected to hit $4.07 billion while earnings per share are seen falling to 67 cents a share, up from the 76-cents-a-share loss expected at the beginning of the quarter.

Despite all the gloom and doom, investors still remain optimistic about the company’s future. Shares have appreciated over 25% since the start of the year, as the business outlook brightened following the completion of a mega $3.1 billion takeover of Middle-East based rival Careem.

If Q4 earnings and revenues surprise to the upside, Uber shares may rally to levels not seen since early August 2019 above $40. Alternatively, disappointing quarterly earnings report may send share prices lower with $36 acting as the first key level of interest. A breakdown below this level could open the doors towards $34.50.

S&P 500 back at record highs

It was another day another record high for the S&P 500 as positive US economic data and China’s pledge to halve tariffs on $75 billion worth of US goods boosted global risk sentiment.

Speculation around central banks easing monetary policy in the face of the coronavirus outbreak injected US equity bulls with additional inspiration to push the S&P 500 to all-time highs above 3350.

From a technical standpoint, a solid daily close above 3340 may open the doors towards 3380 over the coming weeks. If 3380 proves to be reliable resistance, the S&P 500 could correct back towards 3000.



US Retail sales and other data has supported Dollar
US Retail sales and other data has supported Dollar

The US Retail sales notably exceeded expectations, adding 0.7% in August vs an expected 0.7% decline. The increase to August last year is an impressive 14.9%...

17 Sep 2021

Geopolitics Fire Up Up and Cryptos Are Booming
Geopolitics Fire Up Up and Cryptos Are Booming

Futures in the United States and Europe are trading lower today as investors are worried about the new security agreement between the U.S., the U.K. and Australia...

16 Sep 2021

UK inflation surges, stocks struggle
UK inflation surges, stocks struggle

European markets flat at the open this morning as UK inflation surged to a record high in August and Chinese economic data was soft. China’s retail sales fell to...

15 Sep 2021

Gold is anxiously waiting for the US inflation data
Gold is anxiously waiting for the US inflation data

Gold, hovering around $1790 since last Thursday, might take an even harder hit. The bears are waiting for a good signal to launch an attack. It is now holding it below significant levels...

14 Sep 2021

Here Is Why Stock Futures Are Trading Lower
Here Is Why Stock Futures Are Trading Lower

Despite a week of doom and gloom in the stock markets, futures in the United States are still trading lower. Since February, the S&P 500 has been on its longest...

13 Sep 2021

Fintech - too big to be?
Fintech - too big to be?

Two of the world’s largest economies are in sync with pressure on their fintech giants. Access to user data and the growth of ecosystems have effectively...

13 Sep 2021

Editors' Picks

OctaFX information and reviews
HotForex information and reviews
XM information and reviews
FXCM information and reviews
Vantage FX information and reviews
Vantage FX
Moneta Markets information and reviews
Moneta Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.