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Uber (UBER) Reports Earnings Tomorrow: What To Expect

StockStory - Tue May 7, 2:10AM CDT

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Ride sharing and on demand delivery service Uber (NYSE: UBER) will be reporting results tomorrow before market hours. Here's what to expect.

Uber beat analysts' revenue expectations by 1.8% last quarter, reporting revenues of $9.94 billion, up 15.4% year on year. It was a decent quarter for the company, with strong growth in its users but slow revenue growth. It reported 150 million users, up 14.5% year on year.

Is Uber a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Uber's revenue to grow 14.4% year on year to $10.09 billion, slowing from the 28.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.

Uber Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Uber has missed Wall Street's revenue estimates twice over the last two years.

Looking at Uber's peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. DoorDash delivered year-on-year revenue growth of 23.5%, beating analysts' expectations by 2.5%, and Snap reported revenues up 20.9%, topping estimates by 6.6%. DoorDash traded down 10.3% following the results while Snap was up 27.5%.

Read our full analysis of DoorDash's results here and Snap's results here.

Investors in the consumer internet segment have had steady hands going into earnings, with share prices flat over the last month. Uber is down 4.5% during the same time and is heading into earnings with an average analyst price target of $86.9 (compared to the current share price of $71.68).

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