JUMP REPORT
UBER (UBER)
EARNINGS RELEASE - AUGUST 6 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.86/share REV: 2,100/M
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LAST QTR: EPS: -.88/share ACTUAL: -1.70/share (MISS)
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NEXT QTR: EPS: .66/share REV: 3,160/M
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FULL YR: EPS: -3.64/share REV: 12,840/M
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BEAT/MISS RECORD: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.66, 10.54, -10.0
EXPECTED JUMP MOVE THIS QUARTER: 12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
The California Supreme Court on Thursday upheld a ballot measure that allows app-based companies like Uber and Lyft to classify drivers as independent contractors. The court ruled that the state’s 2020 Proposition 22 is constitutional. The ballot measure allows companies such as Uber, Lyft and DoorDash to classify their employees as independent contractors.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Lyft (NASDAQ:LYFT) and the rest of the gig economy stocks fared in Q1.
The California Supreme Court ruled Thursday that app-based ride-hailing and delivery services like Uber and Lyft can continue treating their drivers as independent contractors rather than employees. The unanimous decision by the state’s top court is a big win for tech giants. It also ends a yearslong legal battle between labor unions and tech companies over a law dictating the status of app-based service workers in the state.
» California top court upholds ballot measure treating Uber, Lyft drivers as independent contractors
California’s top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits.
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Avg Daily Volume: 26,211,037 Market Cap: 57.48B
Sector: None Short Interest: 3.3
Ticker delayed 20 minutes
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