Uber Technologies (UBER) reports earnings Tuesday morning, with the ride-share giant looking to improve on its performance in the first quarter, when Uber 澳洲幸运5官方开奖结果体彩网:reported a surprise loss due to over $700 million in adjustments related to the company's investments.

Estimates compiled by Visible Alpha project Uber's revenue to rise to $10.56 billion from $9.23 billion a year ago. Net income is projected to rise to $652.33 million from $394 million in the second quarter of 2023.

Kღey Metric: Gross Bookings for Foo๊d Delivery vs. Rideshare Trips

UBS analysts in a Monday note cited data from tracking firm Sensor Tower, which showed Uber Eats performing better than Uber's namesake ridesharing platform in terms of converting monthly active users (MAUs)🍸 to daily activ🧔e users over the course of the second quarter.

The analysts said they view the active user data as a "proxy metric" that can offer indications for how Uber's gross bookings will come in for a full quarter. UBS projects gross bookings for Uber Eats above consensus, while projecting rideshare deliveries, Uber's "mobility" division, below analyst consensus.

UBS on Monday raised its price target for Uber to $102 from $95, lowering its targets for Uber's competitors in the rideshare and food-delivery spaces, Lyft (LYFT) and DoorDash (DASH), to $15 and $125 from $19 and $130, respectively.

♒ Business Spotlight: New Features and Partnerships

Uber announced a number of new features and partnerships in the quarter, with many coming at the company's 澳洲幸运5官方开奖结果体彩网:annual Go-Get event in May, when it announced plans to offer discounted Uber One subscriptions to college students and an expansion of its partnership with Costco (COST).

The company also recently 澳洲幸运5官方开奖结果体彩网:announced a feature to help users schedule rides, providing estimates of average wait times and prices for rides in thousands of citi🎃es worldwide.

Analysts have 澳洲幸运5官方开奖结果体彩网:previously cited adoption of new features as a potential source of revenue growth for Uber. UBS analysts said Monday that 澳洲幸运5官方开奖结果𝓰体彩网:updates on how Uber's new verticals are contributing to the company's results are a key factor for investors t𒁃o watch for.

Uber shares were down 1.1% Tuesday to $63.05. They're up roughly 2.5% this year.