JUMP REPORT
| Avg Daily Volume: 7,002,631 Market Cap: 13.04B Sector: Miscellaneous Short Interest: 9.6 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.66/share REV: 915.04/M
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LAST QTR: EPS: -1.59/share ACTUAL: -2.23/share (MISS)
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NEXT QTR: EPS: -1.64/share REV: 942.69/M
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FULL YR: EPS: -11.86/share REV: 3,500/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 48% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 9.33, -11.05, N/A
EXPECTED JUMP MOVE: 12-15%
Links To Latest News and Headlines
Ride hailing companies Uber Technologies Inc and Lyft Inc promised Wall Street they would be back on the road to profitability and growth by the time they reported second-quarter results this week, thanks to cost-cutting done to survive the pandemic. Now, concerns over an ongoing driver shortage and the spreading Delta variant are clouding the outlook for making good on achieving profitable operations this year. Uber has been moving to expand into goods and meal delivery to reduce dependence on rides.
(Bloomberg) — Uber Technologies Inc. is postponing its return-to-office date from September to Oct. 25, and has told employees that it could be further delayed depending on the global coronavirus case load.In an email to staff on Thursday, Uber Chief Executive Officer Dara Khosrowshahi said that employees will still be allowed to come into offices on a voluntary basis. Staffers who do come in will be required to wear a mask, regardless of their vaccination status, starting immediately.The compa
(Bloomberg) — SoftBank Group Corp. is selling $2.1 billion of its stake in Uber Technologies Inc. in a block trade through Goldman Sachs, according to people familiar with the matter.SoftBank, Uber’s largest investor, is trimming its stake in the ride-hailing giant from 184 million shares as of March 31. SoftBank is also a significant investor in Chinese ride-hailing giant Didi Global Inc., which saw its share price tumble following Beijing’s regulatory crackdown.SoftBank aims to sell 45 millio
(Bloomberg) — Facebook Inc. reported higher second-quarter sales and profit but struck a cautious tone looking ahead, saying growth could stall as Apple Inc.’s new rules pinch data collection on mobile devices and as pandemic-fueled advertising gains subside.The social media giant said it faces “ad targeting headwinds in 2021 from regulatory and platform changes,” sending the shares down as much as 5.2% in extended trading.The warning came as the company reported quarterly sales climbed 56% to
Lyft (LYFT) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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