The Zacks Analyst Blog Highlights Uber Technologies, Lyft, NVIDIA and Tesla

For Immediate ReleaseChicago, IL – January 31, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Uber Technologies UBER, Lyft LYFT, NVIDIA NVDA and Tesla TSLA.Here are highlights from Thursday’s Analyst Blog:Thinking of Buying UBER Ahead of Earnings? Here's What You Need to KnowUber Technologies 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 Estimate for quarterly revenues suggests an 18.2% uptick from the year-ago quarter's figure.For 2025, the Zacks Consensus Estimate for UBER's revenues is pegged at $50.7 billion, suggesting an increase of 15.9% year over year. The consensus mark for full-year EPS is $2.39, calling for a 28.8% year-over-year expansion.In the trailing four quarters, UBER surpassed EPS estimates on three occasions and missed once, with the average earnings surprise being 83%.Q4 Earnings Whispers for UBEROur proven model predicts an earnings beat for Uber this time around. The combination of a positiveEarnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That's exactly the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.UBER has an Earnings ESP of +1.43% and a Zacks Rank #3 currently.You can see the complete list of today's Zacks #1 Rank stocks here.Factors Likely to Shape UBER's Q4 ResultsUBER's performance in the to-be-reported quarter might have been hurt by a slowdown in gross bookings due to weakening demand in the ride-hailing market induced by factors like high inflation and a shift to cheaper transportation options.Uber expects gross bookings in the December quarter to be in the $42.75 billion to $44.25 billion range, representing growth on a constant currency basis in the 16-20% band from fourth-quarter 2023 actuals. Our estimate is currently pegged at $44.15 billion.For the final quarter of the year, the year-over-year growth in trips is expected to be similar to 17.5% year-over-year growth witnessed in third-quarter 2024. The outlook assumes a roughly two percentage points currency headwind to total reported year-over-year growth.Freight revenues are likely to have suffered in the to-be-reported quarter due to a challenging freight market. Uber is focusing on autonomous vehicles to drive growth. The company is expected to provide updates on the same on the fourth-quarter conference call.UBER Stock Price Performance & ValuationOver the past six months, Uber has underperformed the industry, sector and S&P 500 as well as its rival Lyft.6-Month Price PerformanceFrom a valuation perspective, Uber is trading relatively cheap. Going by its price/sales ratio, the company is trading at a forward sales multiple of 2.74, below its median of 3.01 over the last five years. It also trades at a discount compared to the industry's 6.04.It's Still Not an Opportune Time to Buy UBER StockUber's endeavors to expand into international markets are commendable and provide it with the benefits of geographical diversification. Also, Uber's recent partnership with NVIDIA has positioned it as a formidable rival to the likes of Tesla in the lucrative robotaxi market. With its vast network of drivers and customers, Uber can quickly scale autonomous services once the technology matures.However, while its valuation may appear tempting, it does not seem to be the right time to place bets on UBER stock now. The recent slowdown in the company's gross bookings raises grave concerns. We are also concerned about Uber's high debt levels.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com                                      https://www.zacks.com                                                   Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Lyft, Inc. (LYFT): Free Stock Analysis Report Uber Technologies, Inc. (UBER): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks