Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Yet, widening losses remain a cause of concern for the company.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. The company’s rising website traffic hints at a strong showing in the second quarter. With operations in food and freight delivery, the company is diversifying its sources of revenue to attract consumers. Uber is not just a cab-hailing company anymore. Shares have declined 46.1% over the past year. The UBER average price target of $46.54 implies upside potential of 98.5% from current levels. Overall, consensus among analysts for Uber stock is a Strong Buy based on 27 Buys and three Hold. In terms of quarterly revenues, analysts expect revenues to be about $7.35 billion, which represents a growth of 87% from the previous year. Uber is expected to incur a loss of $0.27 per share in the second quarter compared to earnings per share (EPS) of $0.58 reported in the previous year. The company reported an adjusted EBITDA loss of $509 million in the prior year. Meanwhile, the company expects to record an adjusted EBITDA figure in the range of $240 million to $270 million. The company reported gross bookings of $21.9 billion in the year-ago quarter. Company Guidance for Q2įor the second quarter, Uber expects to report gross bookings between $28.5 billion to $29.5 billion. Learn how Website Traffic can help you research your favorite stocks. Moreover, Uber has plans to launch this feature in additional cities. Coachways and aims to connect large groups of people traveling over long distances. Notably, the feature was launched in partnership with U.S. Uber’s recently announced move to launch a new charter bus service in the two Texas cities of Dallas and Houston is perhaps driving its website growth. What is Driving This Rise in Uber Website Traffic? Also, year-to-date, Uber website traffic increased by 79.91%, compared to the previous year.Īs a result, the company’s increasing website traffic hints at encouraging results for the second quarter. Meanwhile, the Uber website recorded a 122.03% monthly rise in global visits in June, compared to the same period last year. TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings ( SEMR), the world’s biggest website usage monitoring service, offers insight into Uber’s performance this quarter.Īccording to the tool, the number of visits to was up 30.26% quarter-over-quarter. Uber’s Website Traffic Data is Impressive The TipRanks website traffic tool is hinting at solid results for the company in the second quarter. ( NYSE: UBER) is slated to report its second-quarter results on August 2. Mobility technology company Uber Technologies, Inc.