'Herculean-like challenges looking ahead': Here's what 4 analysts are saying ahead of Uber's first-quarter earnings report
"Uber and Lyft face Herculean-like challenges looking ahead as the new reality will likely change the business models of these companies for the foreseeable future," wrote Daniel Ives in a Tuesday note.
"Even in food delivery while consumer demand is there, competition is driving meaningful pressure on profitability. With drivers and customers likely required to wear masks during rides and concerns around previous occupants of vehicles, there is a segment of the population that will no longer use these vehicles."
"As Uber is exposed to earlier-hit markets in Europe and Asia, we expect demand for the company to have been more greatly impacted than Lyft in 1Q20E, with a 38% Y/Y decline in MAPCs vs. a 30% decline in riders for Lyft." "In our view, Uber is more exposed to a prolonged overhang in areas like international and business travel, but we ultimately believe that both companies are likely to face a similar level of operational headwinds in 2Q20E, where we project a Y/Y Ridesharing revenue contraction of -69% for Uber and -66% for Lyft."
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