![]() ![]() However, during the post-pandemic era, the two companies went on a rather divergent track, with Uber taking outright dominance in the market. During the pre-pandemic era, both companies were viewed as near substitutes in the US rideshare market–like McDonald’s and Burger King–as there was ample potential market share available in the North America region. In terms of rideshare, it is not trivial to talk about Uber without mentioning Lyft. Uber’s competitive edge comes from its success in its diverse range of services. As of May 2023, Uber is clearly a dominant force in the US rideshare market, the company accounting for 75% of rideshare spending.īloomberg Second Measure Competitive Analysis For Uber, the US market accounts for about 60% of total sales. It is important to mention that the rideshare industry is an “economies of scale” market. ![]() Uber is in a high growth market, as the global ride hailing service market is projected to grow at a 15.7% CAGR, with the US market expected to grow at a similar 15.1% CAGR from 2022-2030. They do not simply have any real-world assets that equate to fixed costs, which gives the company the ability to leverage higher margins and operations. Uber does not hold any physical assets, rather it provides a platform service that connects the supply and demand side of the market. The key to understanding Uber’s business model is acknowledging that the company is essentially a platform business. The primary source of Uber’s income is derived from its rideshare service with food delivery coming to a close second, where it generates revenue through service fees and commissions from drivers. Given its dominance in the rideshare market and high growth potential, Uber seems like a great long-term investment. Despite uneasy macroeconomic conditions and increasing competitiveness of the market, Uber stock had a great year with its share price increasing 70.9% YTD. Uber is currently the biggest player in the US rideshare market, with the company holding approximately 74% of the market share. ( NYSE: UBER) is a San Francisco-based American Transportation-as-a-Service (TaaS) company that primarily offers customers ride (taxi) hailing service, with additional services including food and package delivery and freight transport in approximately 70 countries and 10,500 cities around the world. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.Uber Technologies, Inc. ![]() On the technical perspective front, indicators give DASH a short term outlook of 100% Buy on average. Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. Per this projection, the revenue is forecast to grow 25.10% above that which the company brought in 2023. Staying with the analyst view, there is a consensus estimate of $8.24 billion for the company’s annual revenue in 2023. The average estimate suggests sales growth for the quarter will likely rise by 28.00% when compared to those recorded in the same quarter in the last financial year. On average, analysts have forecast the company’s revenue for the quarter will hit $2.06 billion, with the likely lows of $2.01 billion and highs of $2.1 billion. In this case, analysts estimate an annual EPS growth of 53.50% for the year and 40.40% for the next year. Analysts tracking DASH have forecast the quarterly EPS to shrink by -0.41 per share this quarter, while the same analysts predict the annual EPS to hit -$1.71 for the year 2023 and up to -$1. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for free.ĭoorDash Inc., which has a market valuation of $29.10 billion, is expected to release its quarterly earnings report – Aug 07, 2023. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. He buys up valuable assets when they are very cheap. The world's greatest investor - Warren Buffett - has a simple formula for making big money in the markets. ![]()
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