Uber (UBER) will report its fourth-quarter 2022 earnings on February 8 before the market opens.
Here’s what analysts expect to see from the rideshare giant, as compiled by Bloomberg:
Fourth Quarter Income: $8.47 billion expected
Q4 delivery reservations: $14.22 billion expected
Q4 loss per share: -12 cents expected
Fourth Quarter Net Loss: $317.2 million expected
Gross reserves 2022: $135.03 billion expected
For Uber, hopes are strong going into this earnings cycle, as the company is expected to at least meet, if not beat, analyst expectations.
“Overall, we expect Q4 results to be mostly in line based on industry data points, though we expect investors to focus on 2023 EBITDA guidance and leverage,” Raymond James analyst Aaron Kessler wrote. , on February 6. “We remain positive on Uber given our expectation of continued mobility recovery.”
‘Recovery in progress’
The ride-sharing giant’s chances of having a good day are increased by the fact that, post-pandemic, mobility is not only picking up, but driver supply is increasing after a long shortage.
“As key insights, we believe that evidence of an ongoing recovery in driver supply is likely to help boost the company’s acquisition rate and Ebitda margin for the fourth quarter,” Evercore analyst Mark Mahaney recently wrote in a note. note to investors “That being said, we remain cautious about the impact to the Delivery segment from the potential decline in consumer demand, although we have yet to see clear evidence of this.”
Rival Lyft (LYFT) is set to report its own earnings on February 9, so both companies are under pressure, the results of which will no doubt draw comparisons.
In the past 12 months, Uber’s shares have fallen about 9%. So far in 2023, the company’s shares are up 37%.
allie garfinkle is a senior technology reporter at Yahoo Finance. Follow her on Twitter at @agarfinks and in LinkedIn.
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