Uber Technologies Inc. NYSE: UBER przewozy na żądanie

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French Uber drivers to earn more than $8 per ride after union deal

PARIS (Reuters) - France's Uber (NYSE:UBER) drivers are poised to earn a minimum of 7.65 euros net ($8.25) per ride after a sector-wide deal with unions, setting up a precedent after months of bargaining talks with taxi apps, Uber said on Wednesday.

The accord hikes the minimum price per ride by 27%, bringing it to a 10.20 euros gross, or 7.65 euros net, Uber said in a statement.

The agreement was reached with French unions CFTC and UNSA and professional associations AVF and FNAE. It will apply to all taxi apps in France, the organisations said in a separate statement.

The taxi apps active in France also include Estonia's Bolt and FreeNow, formed from a joint venture between Germany's BMW and Mercedes-Benz Group.

"It's the first agreement of this kind in France" said Yassine Bensaci, a representative of AVF who's been working as a taxi app driver since 2014, adding that the formal agreement would be formally signed at mid-day on Wednesday and applicable from the start of February.

"It's just the first step, as talks are going on other matters," he said, citing an agreement with the same organisations to have regular meetings with drivers' representatives.

A specific compensation for independent drivers' delegates will be guaranteed so that they can participate in such meetings, Uber said.

The talks, instigated by the French government, come after years of conflict between traditional taxi drivers and taxi apps as well court rulings that have challenged the wider gig economy. Mainly composed of taxi and food delivery apps, these activities rely heavily on self-employed people to conduct their business without having to meet a range of employee costs and benefits.

Before being elected president, Emmanuel Macron had championed such apps, including U.S.-based Uber, as a model for creating jobs, particularly in the "banlieues" - deprived suburban housing estates where unemployment is high.

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Uber (NYSE:UBER) stock rose 1.2% after Jefferies called the ride-sharing firm a top pick in a note, expecting long-term earnings growth to drive its shares around 50% higher.

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Domino's Pizza jumps 10% on delivery agreement with Uber

Domino’s Pizza (NYSE:DPZ) shares surged in pre-market Wednesday trading after the company announced an agreement with Uber (NYSE:UBER) to allow U.S.-based customers to order its products via Uber Eats and Postmates apps.

The implementation will begin this fall in four pilot markets, before expanding across the country by the end of 2023.

"Our research in the U.S. and learnings from 13 of our international markets has shown us that taking orders using the Uber Eats Marketplace provides access for Domino's and its franchisees to a new segment of customers and what we believe will be a meaningful amount of incremental delivery orders once it's widely available," said Domino's CEO Russell Weiner.

Domino's and Uber Eats currently have 27 international markets in common. Two companies said that this deal has the potential for incremental orders from Uber Eats to 70% of Domino's stores around the world.

Uber's CEO Dara Khosrowshahi added: "We're excited to announce this unique partnership with Domino's globally—both starting as their exclusive third-party marketplace partner in the U.S. and making their menu available to our consumer base around the world—and we look forward to bringing customers the convenience, technology, and experience that are foundational to both of our brands."

Uber shares are up almost 2% on the news.

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Uber (NYSE:UBER) shares popped 4% in premarket Tuesday after the ride-sharing company offered a better-than-expected forecast for its third quarter.

For Q2, Uber reported a profit per share of $0.18, topping the market consensus that was looking for a loss per share of $0.01. The company generated $916 million in Q2 adjusted EBITDA.

Uber said gross bookings stood at $33.6 billion in Q2, including $16.73B from mobility bookings and $15.6B from delivery bookings. These two key segments saw their sales rise 25% and 12% year-over-year, respectively.

The company’s total Q2 revenue jumped 14% YoY to $9.23B, missing the $9.34B target.

“The unique power of the Uber platform and the team’s relentless focus on profitable growth was on full display in Q2, with record profitability and over $1 billion of quarterly free cash flow,” said Nelson Chai, CFO.

“I’m incredibly proud of the progress we’ve made, and Uber is well positioned to drive tremendous value for shareholders in the coming years.”

For this quarter, Uber sees gross bookings at $34.5B (up or down $500M), ahead of the consensus of $33.98B. The company expects to report adjusted EBITDA between $975M and $1.03B, much better than the average analyst estimate of $919M.

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Widzieliście, co się stało z cenami Ubera? Dowalili tak, że aż prezes się tłumaczy

https://www.msn.com/pl-pl/wiadomosci/ot ... 57ad&ei=16

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This Zacks Rank #1 Stock is a “Strong Buy”
Posted by Derek Lewis, Zacks | Oct 20, 2023

Uber Technologies’ (UBER) platform provides access to transportation and food delivery services. In addition, the company’s network also connects shippers and carriers in the freight industry, offering transportation management and other additional logistics services.

Analysts have taken a favorable stance on the company’s earnings outlook, helping land the stock into the highly-coveted Zacks Rank #1 (Strong Buy). The revisions trend has been particularly notable for its current fiscal year, with the Zacks Consensus EPS Estimate of $0.42 up 450% since October of last year.

Image Source: Zacks Investment Research - wykresy - patrz link

Uber resides in the Zacks Internet – Services industry, which is currently ranked in the top 38% of all Zacks industries. Aside from the favorable earnings outlook and industry standing, let’s take a closer look at a few other characteristics of the company.

Uber Technologies

Uber shares could be a target among growth-focused investors, further reflected by its Style Score of “A” for Growth. The company’s earnings are forecasted to see 110% growth on 18% higher revenues in its current year, with expectations for FY24 suggesting 160% earnings growth paired with an 18% sales bump.

The company’s revenue growth has been robust, as illustrated below. FY22 revenue of $31.9 billion reflects a +200% increase from FY18 sales of $10.4 billion. Please note that the current value for 2023 is on a trailing twelve-month basis.

Image Source: Zacks Investment Research

Uber’s latest quarterly results were aided by continued business momentum, with Trips growing 22% year-over-year to 2.3 billion and Gross Bookings improving 16% from the year-ago period. Impressively, the company posted record quarterly free cash flow of $1.1 billion.

As shown below, the company has consistently exceeded the Zacks Consensus Estimate for quarterly Trips as of late. Regarding the upcoming release expected on November 7th, we currently expect Uber to post Trips of 2.4 billion, reflecting a change of +21% from the same period last year. As reflected by these expectations, business momentum looks set to continue.

Image Source: Zacks Investment Research

It’s also worth noting that shares have respected their 200-day daily moving average, finding buyers at the level in late April. Given the recent volatility in the market and sideways action of shares over the last several months, this level could potentially be re-tested in the coming periods.

Image Source: Zacks Investment Research

To touch further on the release expected on November 7th, the Zacks Consensus EPS Estimate of $0.13 reflects a change of +120% from the year-ago period. Analysts raised their expectations notably for the print following Uber’s latest release in early August and have remained unchanged since.

Image Source: Zacks Investment Research

Bottom Line

Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.

The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.

Uber Technologies (UBER) would be an excellent stock for investors to consider, as displayed by its Zack Rank #1 (Strong Buy).

— Derek Lewis