UberWall Street notes will be available to investors and investors on Wednesday, as well as the first quarter earnings.

After what appeared to have been a difficult quarter for the company, the latest financials are available. Stocks have fallen more than 26% in the past year as inflation and the spread of the Omicron Coronavirus variant weighed heavily on the stock.

This is what Wall Street will be watching this quarter.

Uber drivers are coming back

Uber likely has rebounded from any omicron-rider lows. Uber is now a March filingUber, in collaboration with the SEC said that mobility demand has significantly increased through February. Uber reported that 90% of trips were recovered from February 2019 levels. This resulted in the company raising its EBITDA guide to $130million-$150million from $100million-$130million to $130million-$150million for the quarter.

Alliance Bernstein analysts stated in an earnings preview that rideshare Q1 results will be strong despite the fact that it is not as popular as other Internet sub-sectors. As APAC has seen slow growth, investors should be keeping an eye out for signs of regional recovery. The analysts suggested that it could see a large impact from war and inflation on the European market.

What has the impact of fuel prices on drivers?

Many feared that drivers might leave gig work to take up other opportunities as gas prices rose across the country due to war in Ukraine. Some companies involved in ride-sharing and delivery struggled to balance supply and demand due to the pandemic. Additional strains or setbacks could have adversely affected financials.

Uber created a temporary fuel surcharge. This temporary fuel surcharge will expire shortly so investors will want to know if it has kept drivers or if they plan to increase the incentive. On Monday gas prices averaged at $4.19 per gallon, as compared with $2.9 one year ago. data from AAA.

A majority of drivers think that the surcharge is too much and some analysts believe that there has been a slowdown in the recovery in driver supply. Bank of America analysts stated in a note, “We believe that driver supply and takerate risk is elevated. With our proprietary price track data showing that wait times and ride prices increased in April vs. 1Q,” they said.

Uber will need to raise incentives

Uber could need to offer additional driver incentives as the mobility industry grows.

In an attempt to bring back drivers, Covid restrictions were eased by states and vaccinations made more readily available. The company spent many millions on this effort last year. However, these incentives are a burden on the company’s balance sheet and investors remain concerned about costly efforts to return drivers.

Analysts at Bank of America wrote that Uber could need to boost driver incentives in the near future to compensate for higher gas prices and positive demand. The Alliance Bernstein analysts suggested that the incentive may be less expensive than in 2021.

What distance can delivery take?

Uber’s delivery services had enabled it to weather the Covid storms, when customers started ordering food at their homes during the epidemic. As food delivery has become a regular part of daily life, the Segment, including Uber Eats, appears to have held its own in recent quarters.

However, how much longer can deliveries take to grow? Alliance Bernstein analyst said that after a number of cuts in estimates across the pandemic group, there was a growing concern that food delivery might be delayed in Q1.

Uber reported in March that its delivery annualized gross bookings had reached an all time high in February. It may therefore need to seek growth elsewhere.

The analysts stated, “New customers are likely to slow down but we believe that order frequency can still prove to be a driving force of growth.”

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