Uber has three major holdings: Aurora Innovations (AUR) Didi (DIDIY) Grab (GRAB)
Investment gains during Q3 AUR $2.81 to $5.95, a 111.74% gain DIDIY $4.02 to $4.74, a 17.91% gain GRAB $3.53 to $3.80 a 7.65% gain
Number of Shares AUR 326 million shares DIDIY 575 million shares GRAB 535 million share Total gains for Q3 AUR - $1,023,640,000 DIDIY - $414,000,000 GRAB - $144,450,000. Total gain: $1,582,090,000
Modeling Q3 2024 EPS
With approximately ~2billion shares outstanding, the net income just from their investments alone will be EPS of $.79. Any additional EPS from operations is gravy. I’m guessing earnings will come in around $1 per share - exceeding EPS estimates by 300%.
The same thing happened back in Q4 2023. UBERS investments did well that quarter and the company blew out estimates. Looking back at Q4 2023 earnings as an indicator for this quarter, the stock moved from $67 to $81 within a week of earnings, a 20.9% gain.
MonkeyGee : If that's the case investment gain is zero