オプションチェーンは、Leidos Holdingsの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Leidos Holdingsの市場センチメントを評価します。.

Leidos Holdings (NYSE:LDOS) 株価情報, オプションチェーン

Leidos Holdings

Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil, and health markets, both domestically and internationally. Company customer includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in three reportable segments; Defense Solutions, Civil, and Health. Defense Solutions provides technologically latest services, solutions, and products to a broad customer base. It generates key revenue from Defense Solutions.

Leidos Holdings Inc

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/11/05/final-trades-comerica-amazon-disney-leidos-holdings-and-dupont.html">Halftime Report Final Trades</a>,&#8221; Rob Sechan of NewEdge Wealth named Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) as <a href="https://www.benzinga.com/quote/CMA">his final trade</a>.
On Nov. 5, Comerica declared dividends and announced an increase in share repurchase authorization.
Jim Lebenthal of Cerity Partners said he is picking Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) for its all-weather capabilities.
Amazon.com's Amazon Prime Video recently unveiled an X-Ray Recaps feature to help users stay updated on their favorite shows, even after long breaks between episodes. Instead of rewinding or searching for plot summaries, viewers can now access spoiler-free, AI-generated recaps to <a href="https://www.benzinga.com/news/24/11/41739915/amazon-takes-on-netflix-with-new-ai-recaps">refresh their memory quickly.</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC named The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), saying that she believes in America's ability to spend, no matter what's the outcome of U.S. elections.
Walt Disney recently announced the creation of a new group, the Office of Technology Enablement (OTE), dedicated to guiding the company's approach to emerging technologies like artificial intelligence (AI) and extended reality (XR).
Bill Baruch of Blue Line Capital picked Leidos Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>).
On Oct. 29, Leidos reported third-quarter fiscal 2024 revenue growth of 7% year-over-year to $4.19 billion, beating the analyst consensus estimate of $4.07 billion. Demand across all customer segments, especially for managed health services, drove the growth.
Stephanie Link of Hightower Advisors picked DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), which topped earnings expectations for the latest quarter.
On Nov. 5, the company reported sales growth of 4% year over year to $3.192 billion, missing the consensus of $3.204 billion. Organic sales increased +3% YoY, with a 5% increase in volume offset by a 2% decrease in price.
Price Action:
<ul>
<li>Comerica shares gained 1.4% to close at $63.28 during Tuesday's session.</li>
<li>Amazon shares rose 1.9% to settle at $199.50 during Tuesday's session.</li>
<li>Disney shares gained 0.9% to close at $96.63 on Tuesday.</li>
<li>DuPont shares gained 4.7% to settle at $85.67.</li>
<li>Leidos shares gained 2% to settle at $190.07 on Tuesday.</li>
</ul>
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Image: Shutterstock

Long Ideas

News

Markets

Media

Trading Ideas

AMZN

LDOS

Amazon, Disney, DuPont, Leidos And A Financial Stock On CNBC's 'Final Trades'

Analyst Ratings

CNBC Halftime Report Final Trades: Comerica, Amazon.com, The Walt Disney Company, Leidos, DuPont de Nemours

Barclays analyst David Strauss maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Overweight and raises the price target from $165 to $210.

Price Target

Barclays Maintains Overweight on Leidos Holdings, Raises Price Target to $210

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4291591-1&amp;h=4206855963&amp;u=https%3A%2F%2Fwww.leidos.com%2F&amp;a=Leidos">Leidos</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) announced today a new contract to modernize the Organ Procurement and Transplant Network (OPTN), a critical system that delivers vital organ transplant information to patients, donors, and healthcare providers. The contract was awarded by the U.S. Department of Health and Human Services through its Health Resources and Services Administration (HRSA). This multiple-award, indefinite delivery/indefinite quantity contract has a total potential value of $235 million, including a base period of performance of one-year and four one-year option periods.

Contracts

Leidos Awarded $235M Organ Procurement And Transplantation Network Operations Contract

Wells Fargo analyst Matthew Akers maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Overweight and raises the price target from $183 to $230.

Wells Fargo Maintains Overweight on Leidos Holdings, Raises Price Target to $230

Citigroup analyst Jason Gursky maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Buy and raises the price target from $194 to $220.

Citigroup Maintains Buy on Leidos Holdings, Raises Price Target to $220

TD Cowen analyst Cai von Rumohr maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Buy and raises the price target from $175 to $200.

TD Cowen Maintains Buy on Leidos Holdings, Raises Price Target to $200

DELL

CNBC Halftime Report Final Trades: Dell Technologies, Leidos, Pfizer, The Trade Desk

RBC Capital analyst Ken Herbert maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Sector Perform and raises the price target from $145 to $180.

RBC Capital Maintains Sector Perform on Leidos Holdings, Raises Price Target to $180

Truist Securities analyst Tobey Sommer maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Buy and raises the price target from $175 to $205.

Truist Securities Maintains Buy on Leidos Holdings, Raises Price Target to $205

Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $189.12, a high estimate of $228.00, and a low estimate of $165.00. This upward trend is apparent, with the current average reflecting a 9.16% increase from the previous average price target of $173.25.
<img src="https://www.benzinga.com/files/images/story/2024/1730293249_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Leidos Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gavin Parsons</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$228.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Peter Arment</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$218.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Jason Gursky</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$194.00</td>
<td>$169.00</td>
</tr>
<tr>
<td>Seth Seifman</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Matthew Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$183.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Tobey Sommer</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Mariana Perez</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>David Strauss</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Leidos Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Leidos Holdings compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Leidos Holdings's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Leidos Holdings's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LDOS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Leidos Holdings analyst ratings.</a>
<h2>Unveiling the Story Behind Leidos Holdings</h2>
Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil, and health markets, both domestically and internationally. Company customer includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in three reportable segments; Defense Solutions, Civil, and Health. Defense Solutions provides technologically latest services, solutions, and products to a broad customer base. It generates key revenue from Defense Solutions.
<h3>Leidos Holdings's Economic Impact: An Analysis</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Leidos Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.66% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Leidos Holdings's net margin excels beyond industry benchmarks, reaching 7.79%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Leidos Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of 7.39%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Leidos Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.5%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.16, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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What Analysts Are Saying About Leidos Holdings Stock

Goldman Sachs analyst Gavin Parsons maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Buy and raises the price target from $205 to $228.

Goldman Sachs Maintains Buy on Leidos Holdings, Raises Price Target to $228

Leidos Secures $93M Contract To Provide Supply Support For U.S. Navy And Marine Corps Weapons Systems Under NAVSUP's TARP Program; Contract Includes One-Year Base With Four One-Year Options And A Six-Month Extension

Baird analyst Peter Arment maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Outperform and raises the price target from $180 to $218.

Baird Maintains Outperform on Leidos Holdings, Raises Price Target to $218

Leidos Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) on Tuesday reported third-quarter fiscal 2024 revenue growth of 7% year-over-year to $4.19 billion, beating the <a href="https://www.benzinga.com/pressreleases/24/10/n41593762/leidos-reports-strong-third-quarter-2024-results-and-raises-full-year-guidance" target="_blank" rel="noopener">analyst consensus estimate of $4.07 billion.</a> Demand across all customer segments, especially for managed health services, drove the growth. 
The defense, aviation, information technology, and biomedical research company's adjusted EPS was $2.93, up 44% year over year, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.02</a>.
Adjusted net income was $396 million for the quarter, up 40% year-over-year.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40375565/why-leidos-holdings-shares-are-gaining-today" rel="noreferrer noopener">Leidos Wins $86M Contract to Enhance Geospatial Intelligence Systems for National Security</a>
Adjusted EBITDA was $596 million, up 32% year over year. The margin of 14.2% increased from 11.5% a year ago.&nbsp;
Net bookings totaled $8.1 billion for the quarter, representing a book-to-bill ratio of 1.9.&nbsp;As a result, the backlog at the end of the year was $40.6 billion, of which $9.1 billion was funded.&nbsp;
Leidos held $1.19 billion in cash and equivalents as of Sept. 27.
Outlook:&nbsp;Leidos expects fiscal 2024 revenue of $16.35 billion–$16.45 billion (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40047065/defense-stock-leidos-q2-revenue-surges-8-raises-annual-outlook" rel="noreferrer noopener">prior $16.1 billion–$16.4 billion</a>). The analyst consensus stands&nbsp;at $16.3 billion.
The company expects its fiscal 2024 adjusted EPS of $9.80–$10.00 (prior $8.60–$9.00) versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$9.08 consensus</a>.
Leidos Holdings stock gained over 57% year-to-date.
Price Action: LDOS stock is up 8.7% at $184.50 at last check on Tuesday.
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</ul>
Photo: JHVEPhoto/Shutterstock.com

Earnings

Guidance

Leidos Q3 Earnings Beat Expectations With Strong Demand In Defense And Health Services, Guidance Raised

WIIM

Leidos Holdings shares are trading higher after the company reported better-than-expected Q3 EPS and sales and raised its FY24 revenue and EPS guidance.

Leidos is updating its fiscal year 2024 guidance as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">FY24 Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Measure</td>
<td colspan="1" rowspan="1">Current</td>
<td colspan="1" rowspan="1">Prior</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenues (billions)</td>
<td colspan="1" rowspan="1">$16.35 - $16.45</td>
<td colspan="1" rowspan="1">$16.10 - $16.40</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA Margin</td>
<td colspan="1" rowspan="1">High-12%</td>
<td colspan="1" rowspan="1">Approximately 12%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Diluted EPS</td>
<td colspan="1" rowspan="1">$9.80 - $10.00</td>
<td colspan="1" rowspan="1">$8.60 - $9.00</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cash Flows Provided by Operating Activities (billions)</td>
<td colspan="1" rowspan="1">Approximately $1.35</td>
<td colspan="1" rowspan="1">Approximately $1.30</td>
</tr>
</tbody>
</table>
</figure>

Leidos Holdings Expects FY24 Revenue of $16.35B-$16.45B (Prior $16.1B-$16.4B) Vs $16.3B Est, Adj EPS of $9.80-$10.00 (Prior $8.60-$9.00) Vs $9.08 Est

Earnings Beats

Leidos Holdings Q3 2024 Adj. EPS $2.93 Beats $2.02 Estimate, Sales $4.190B Beat $4.066B Estimate

Leidos Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) announced today that its Board of Directors has declared a quarterly cash dividend of $0.40 per outstanding share of&nbsp;common stock of Leidos Holdings, Inc., a $0.02 increase compared to the prior quarterly dividend of $0.38 per share. The cash dividend is payable on December 31, 2024, to stockholders of record as of the close of business on December 16, 2024.

Dividends

Leidos Holdings Increases Quarterly Cash Dividend From $0.38 To $0.40 Per Share

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4286665-1&amp;h=1494119950&amp;u=https%3A%2F%2Fwww.leidos.com%2F&amp;a=Leidos">Leidos</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>)&nbsp;announced today it has received a success memorandum from the Defense Innovation Unit (DIU) for the completion of key milestones in its Electric Vehicle Charging as a Service (EV CaaS) prototype for the Department of the Air Force (DAF). This milestone establishes Leidos as the sole vendor authorized by the DIU to provide a FedRAMP-accredited budget-neutral EV CaaS solution for the Department of Defense (DOD) and the U.S. government.

Leidos Receives Success Memorandum From Defense Innovation Unit For Its EV Charging As A Service Prototype For The Department Of The Air Force

Goldman Sachs analyst Noah Poponak raised the firm's price target on Leidos (LDOS) to $228 from $205 and keeps a Buy rating on the shares. The comp...

Leidos price target raised to $228 from $205 at Goldman Sachs

Leidos Holdings (LDOS – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Cai von Rumohr from ...

Leidos Holdings' Strategic Positioning and Financial Prospects Earn 'Buy' Rating

Wells Fargo analyst Sarah Akers maintained a Buy rating on Leidos Holdings (LDOS – Research Report) today and set a price target of $230.00. The co...

Wells Fargo Keeps Their Buy Rating on Leidos Holdings (LDOS)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Varonis Systems (VRNS – Research Report), Leidos H...

Analysts Offer Insights on Technology Companies: Varonis Systems (VRNS), Leidos Holdings (LDOS) and First Solar (FSLR)

Leidos gets $93M contract to support Navy and Marine Corps

RBC Capital raised the firm's price target on Leidos (LDOS) to $180 from $145 and keeps a Sector Perform rating on the shares. The firm is citing t...

Leidos price target raised to $180 from $145 at RBC Capital

Leidos (LDOS) announced a new contract to modernize the Organ Procurement and Transplant Network, a critical system that delivers vital organ trans...

Leidos awarded IDIQ contract worth up to $235M

After an impressive run over the past year, Uber Technologies (UBER) is now doubling down on its ambitious expansion into delivery services and autonomous vehicles. As the global autonomous ride-hailing market prepares for exponential growth, can UBER's innovative strategies lead to even higher stock prices? Let's find out… Shares of the leading ridesharing company, Uber Technologies, Inc. (<a href="https://stocknews.com/stock/UBER/">UBER</a>), have surged over 80% in the past year and gained 29.8% year-to-date, closing the last trading session at $79.90. This strong performance is fueled by its ability to turn profitable last year, driven by strong revenue growth.
Now, the company is expanding beyond its core ridesharing services into delivery, forming strategic partnerships to push this growth even further. But will its ongoing efforts to diversify help propel its stock even higher?
Uber's Autonomous Ride-hailing Business Is Growing
A big part of Uber's growth strategy centers around its push into autonomous ride-hailing and delivery. The company recently announced a multiyear partnership with Avride to bring autonomous vehicles and delivery robots into its ecosystem. Initially, Uber Eats customers in Austin will see these sidewalk robots in action, with plans to expand this technology to Dallas and Jersey City by the end of the year.
On September 25, UBER teamed up with WeRide, a global leader in autonomous driving, to bring self-driving vehicles to the United Arab Emirates. This move aligns with Uber's belief that the future of transportation will be shared, electric, and autonomous. By collaborating with top AV companies, the company is not only bringing this technology to more cities but also expanding its global footprint.
In the same month, Uber expanded its partnership with Waymo to offer autonomous rides in Phoenix, and starting in the first quarter of 2025, people in Austin and Atlanta can also request Waymo rides through the Uber app. If these ventures succeed, Uber may be well-positioned to roll out autonomous rides nationwide, pending regulatory approval.
Impressive Financial Performance
UBER's growth engine continues to hum, delivering its sixth consecutive quarter of trip growth above 20%, alongside record profitability. The company's revenue for the second quarter ended June 30, 2024, increased 15.9% year-over-year to $10.70 billion, while its gross bookings grew 19% from the year-ago value to $39.95 billion.
Its income from operations came in at $796 million, indicating an improvement of 144.2% from the prior year quarter. The company's adjusted EBITDA stood at $1.57 billion, up 71.4% year-over-year. Moreover, its attributable <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> amounted to $1.02 billion or $0.47 per share, representing an increase of 157.6% and 161.1% year-over-year, respectively. Also, its free cash flow rose 51% over the prior-year quarter to $1.72 billion.
Commenting on its last quarter's performance, CEO Dara Khosrowshahi said, "The Uber consumer has never been stronger--more people are using the platform, and more frequently, than ever before--while drivers and couriers earned a new all-time high of $17.9 billion over the quarter."
Favorable Analyst Estimates
Street expects UBER's revenue for the fiscal third quarter (ended September 2024) to increase 18.1% year-over-year to $10.97 billion. Similarly, its EPS for the same period is expected to register a robust growth of 285.9% from the prior year, settling at $0.39. Moreover, the company has topped the revenue estimates in three of the trailing four quarters, which is promising.
Further, its EPS and revenue for fiscal year 2024 (ending December 31) are anticipated to increase by 20.8% and 16.3% year-over-year, reaching $1.05 and $43.35 billion, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, UBER's 36.43x is 75.5% higher than the 20.76x industry average. Its 3.95x forward EV/Sales is 100% higher than the 1.97x industry average. Likewise, its 3.87x forward Price/Sales is 151.5% higher than the 1.54x industry average.
Mixed Profitability
UBER's 9.76% trailing-12-month levered FCF margin is 49% higher than the 6.55% industry average. Furthermore, the stock's 32.37% trailing-12-month gross profit margin is 2.2% above the 31.68% industry average. Also, its trailing-12-month Return on Common Equity of 19.14% is 48.7% higher than the 12.87% industry average.
Conversely, UBER's trailing-12-month net income and EBITDA margins of 5.02% and 6.98% are 18.8% and 50.2% lower than industry averages of 6.18% and 14.01%, respectively.
POWR Ratings Reflect Uncertainty
UBER has an overall rating of C, equating to a Neutral in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. UBER has a C grade for Stability, which is in sync with its 1.33 beta.
However, it has a D grade for Value, consistent with its stretched valuation. Nonetheless, the company's impressive financial performance in the last reported quarter has helped the stock earn an A grade for Growth.
UBER is ranked #31 out of 76 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry. <a href="https://stocknews.com/stock/UBER/">Click here</a> to access UBER's Momentum, Sentiment, and Quality.
Bottom Line
Uber's ambitious AV expansion strategy bodes well with industry predictions for the exponential growth of this market segment. The global autonomous ride-hailing market is projected to reach <a href="https://www.statista.com/outlook/mmo/shared-mobility/ride-hailing/worldwide">$212.80 billion by 2029</a> (expanding at a CAGR of 4.9%), which indicates that widespread commercial adoption of autonomous ride-hailing is just around the corner. Plus, the company is also expanding into higher-margin areas like advertising, which could significantly boost its profitability.
However, given the stock's current high valuation, it could be wise for investors to watch how these initiatives unfold and wait for a better entry point into the stock.
How Does Uber Technologies, Inc. (UBER) Stack Up Against Its Peers?
UBER has an overall POWR Rating of C, equating to a Neutral rating. You may check out these A-rated stocks within the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry: Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>), RADCOM Ltd. (<a href="https://stocknews.com/stock/RDCM/">RDCM</a>), and Teradata Corporation (<a href="https://stocknews.com/stock/TDC/">TDC</a>). For exploring more Buy-rated Technology – Services stocks, <a href="https://stocknews.com/category/technology-services/">click here</a>.
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UBER shares were trading at $79.12 per share on Friday afternoon, down $0.78 (-0.98%). Year-to-date, UBER has gained 28.50%, versus a 24.16% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/uber-ldos-rdcm-tdc-will-ubers-expansion-into-delivery-services-drive-its-stock-higher/>Will Uber's Expansion Into Delivery Services Drive Its Stock Higher?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Will Uber's Expansion Into Delivery Services Drive Its Stock Higher?

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