Uber Shares Drop Ahead of Earnings Report

Uber Technologies' stock recently closed at $87.11 after a 3.85% drop, underperforming the broader market, and has declined 2.89% over the past month while the Computer and Technology sector and the S&P 500 posted gains. Despite the pullback, some analysts see long-term investment opportunities, noting strategies like cash-secured puts for potential discounted entry. Uber's upcoming earnings report is anticipated to show a 31.91% year-over-year increase in EPS to $0.62 and a 16.41% rise in revenue to $12.46 billion, with full-year forecasts at $2.9 EPS and $50.74 billion in revenue. Validea's guru fundamental report based on Partha Mohanram's growth model gives Uber a 55% score, suggesting moderate alignment with criteria for sustained growth. Analyst estimate changes and Uber's Zacks Rank indicate cautious optimism about the company's future. The summary no longer references Uber's partnership with May Mobility or its autonomous vehicle initiatives.