Uber Technologies (UBER) will report earnings for the third quarter before the opening bell on Thursday, with the ridesharing giant expected to report a substantial rise in profits and revenue from the same time last year.

Uber is expected to report revenue just shy of $11 billion, nearly 20% above last year's $9.29 billion, according to estimates compiled by Visible Alpha. 澳洲幸运5官方开奖结果体彩网:Net Income is expected to roughly quadruple to $897.96 million, up from $221 million.

Analysts are overwhelmingly bullish on Uber stock, with all 27 analysts tracked by Visible Alpha rating it as a "buy," with an average 澳洲幸运5官方开奖结果体彩网:price target of $91.12, about 14% above Tuesday's intraday price of $79.55. Several analysts reiterated their bullish stances on Uber following Tesla's (TSLA) 澳洲幸运5官方开奖结果体彩网:robotaxi unveiling earlier this month, with 澳洲幸运5官方开奖结果体彩网:lack of details on Tesla's plans leading Jefferies analysts to call the event a "best-case outcome" for Uber.

Key Metric: Revenue Growth From New Features

Bank of America analysts said Uber's revenue growth in the quarter should be "aided" by new products and features like taxis and 澳洲幸运5官方开奖结果体彩网:new partnerships for Uber Eats with Costco (COST). They also said the company appears confident features like autonomous vehicles (AVs) and increased availability of ride-reserving could boost revenue in 2025.

Business Spotlight: Autonomous Part𝔉nerships as Tesla Robotaxi Event Falls Flat🙈

Uber has announced a 澳洲幸运5官方开奖结果体彩网:number of partnerships with AV companies like Waymo over the last several months, with the partnerships and Tesla's lackluster robotaxi event improving analyst outlooks on Uber. Bank of America analysts said they see "limited competitive threats" to Uber from Tesla's AVs in the near term, as Tesla CEO Elon Musk offered few specifics about how the company's AV ecosystem will work when they are eventually on the roads.

Jefferies analysts said Uber could be "uniquely well-positioned" to grow its partnerships with AV companies, as Uber's ecosystem of users gives the companies a platform to rent their vehicles without building and managing their own rental service or app.

Uber shares have gained close to 30% since the start of the year, though down from 澳洲幸运5官方开奖结果体彩网:record levels reached in the days following Tesla's robotaxi event.