Why Uber Technologies (UBER) Dipped More Than Broader Market Today

Uber Technologies (UBER) closed at $71.08, down 2.8% and underperforming the S&P 500. The stock has declined 6.89% over the past month. Analysts expect upcoming earnings of $1.09 per share (down 64.95% YoY) with revenue projected at $14.76 billion (up 9.6% YoY). The company trades at a Forward P/E of 21.18, above its industry average of 16.04, and holds a PEG ratio of 5.79 compared to the Internet Services industry average of 1.55. UBER maintains a Zacks Rank of #3 (Hold).