Uber Technologies, Inc. (NYSE:UBER) is trading lower on Thursday as risk appetite cools across equities and traders lean away from higher-beta consumer names. The Nasdaq is down 0.11% while the S&P 500 has shed 0.26%.

Earnings Snapshot

This week, the company reported first-quarter revenue of $13.20 billion, up 14% year over year, but slightly below analyst estimates of $13.29 billion. Adjusted earnings came in at 72 cents per share, ahead of the 70-cent consensus estimate.

For the second quarter, Uber expects gross bookings between $56.25 billion and $57.75 billion, representing constant-currency growth of 18% to 22%. The company forecast adjusted earnings of 78 cents to 82 cents per share, compared with analyst estimates of 79 cents.

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $105.60. Recent analyst moves include:

Truist Securities: Buy (Raises forecast to $112.00) (May 7)

Wells Fargo: Overweight (Raises forecast to $102.00) (May 7)

Piper Sandler: Overweight (Raises forecast to $105.00) (May 7)

Ulta Beauty Joins Uber Eats Marketplace

Separately, on Wednesday, Uber and Ulta Beauty, Inc. (NASDAQ:ULTA) announced that more than 1,500 Ulta Beauty stores are now ...