Truist Boosts LendingTree Target to $62 Amid Q2 Strength and Positive Outlook

Uber is set to report Q2 earnings on August 6, with a 47% YTD stock gain due to new partnerships and solid financial results. Wall Street analysts expect Q2 earnings of $0.63 per share, up 34% YoY, and revenues of $12.5 billion, up 16.5% YoY. Uber has an encouraging earnings surprise history, having missed estimates only once in the past nine quarters. The company recently announced a $300 million deal with Lucid and Nuro to launch a large robotaxi fleet.

Uber Technologies (UBER) is set to report its second-quarter earnings on August 6, with the stock up about 47% year-to-date (YTD). The strong performance is attributed to new strategic partnerships, such as those with Alphabet’s Waymo and Lucid (LCID), which are expanding Uber’s presence in key markets. Additionally, Uber’s solid financial results and robust position in the mobility and delivery sectors have bolstered investor optimism [1].

Wall Street analysts anticipate that Uber will report Q2 earnings of $0.63 per share, representing a 34% year-over-year (YoY) increase. Revenue projections stand at $12.5 billion, a 16.5% YoY increase. Uber has a history of encouraging earnings surprises, having missed estimates just once in the past nine quarters [1].

Last month, Uber announced a $300 million deal with Lucid and Nuro to launch a large robotaxi fleet. Starting in late 2026, Uber plans to deploy over 20,000 Lucid Gravity SUVs equipped with self-driving technology from Nuro. These vehicles will operate exclusively on the Uber app, aiming to reduce charging time and expand ride services to multiple cities worldwide [1].

Top analyst Justin Post from Bank of America Securities maintains a Buy rating with a price target of $115 per share. Post expects $12.56 billion in revenue and $2.12 billion in EBITDA for the second quarter, slightly higher than most analyst predictions. He also forecasts that Uber’s bookings could grow 19% YoY in Q2 to $47.1 billion, after adjusting for currency changes [1].

Options traders anticipate a significant move in Uber’s stock following the earnings report, with expectations of a 7.52% move in either direction [1].

In summary, Uber’s Q2 earnings report is highly anticipated, with expectations of strong financial performance driven by new partnerships and robust market positions. The company’s history of beating earnings estimates adds to the optimism surrounding the upcoming results.

References:
[1] https://www.tipranks.com/news/uber-is-about-to-report-q2-earnings-tomorrow-here-is-what-to-expect
[2] https://www.nasdaq.com/articles/will-gross-bookings-growth-lift-ubers-q2-earnings-results
[3] https://finance.yahoo.com/news/live/earnings-live-amazon-stock-slides-with-results-from-palantir-mcdonalds-disney-and-uber-up-ahead-210426336.html