Uber and Lyft's earnings should show how the companies are dealing with a continuously changing ride-hailing environment. Ride-hailing volume in the U.S. still appeared to be down about 40% over the past two years, one analysis shows.
Uber Technologies Inc. UBER, +1.32% and Lyft Inc. LYFT, +3.77% are scheduled to release fourth-quarter results next week that should show how the companies are dealing with a continuously changing ride-hailing environment. Lyft will report Tuesday afternoon, and Uber follows on Wednesday.
Uber will also be affected by the changing status of food delivery, with growth appearing to slow there, at least according to some analyst data. Uber’s Eats division helped the company when demand for rides plummeted because of lockdowns and has grown into a business whose revenue has exceeded that of its rides business, so analysts will be watching what Uber says about how slowing delivery growth may affect the company’s bottom line.
Stock movement: Uber stock has fallen after reporting earnings in two of the past four quarters, and five of the 11 reports it has made since going public. Uber shares are down 4.7% so far this year through Friday’s session, while the S&P 500 index SPX, -0.37% has lost 5.2%. Stock movement: Lyft stock has fallen after reporting earnings in two of the past four quarters, and six of the 11 reports it has made since going public. Lyft shares have fallen 4.9% so far this year through Friday.
Raymond James analysts said they expect “solid overall bookings for Uber in part due to acquisitions over the last year and expect [mid- to high-] teens growth in 2022.” They said they saw slower sequential growth in bookings for Lyft in the fourth quarter.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Anchorage’s international airport set another cargo record in 2021While last year’s passenger numbers didn’t fully rebound to what they were pre-pandemic, Ted Stevens Anchorage International Airport still reported a significant comeback in 2021. The airport also continued to experience booming air cargo growth.
Les mer »
Mask Up: The Best N95 & KN95 Masks to Buy OnlineAfter two years into the pandemic we’re still masked up. Here are the best options to buy online.
Les mer »
Two Years Into Pandemic, Shoppers Are Still Hoarding“If I see pancake mix, I buy four boxes to just make sure I have them.” Shoppers are continuing their bulk-buying habit amid uncertain supply, higher inflation and more meals at home.
Les mer »