Uber (UBER) is reporting its first earnings report as a public company after the bell on Thursday.
Since its disappointing debut on May 10 in one of the biggest IPOs in recent years, Uber shares haven’t yet hit the $45 offering price it set in its IPO.
Jim Cramer shared his thoughts on Uber while speaking with TheStreet’s Katherine Ross.
“I think the problem with Uber is they [its business] peaked. But maybe you can say, listen, I’m seeing a little acceleration. If you see a little acceleration, then you’ll have a good day tomorrow,” Cramer said.
Ahead of Uber’s first earnings report, Jim Cramer is also taking a look at Uber’s other businesses — not just the ride-sharing.
“You should talk about Uber Freight. I think that, uh, Uber Freight is doing fabulously. That’d be great thing to highlight,” Cramer said.
Cramer is also keeping his eye on Uber’s food delivery service, which he says is the most competitive among other services such as DoorDash, GrubHub ( GRUB – Get Report) and Postmates.