DoorDash, Inc. DASH is about to report its fourth-quarter outcomes on Tuesday after the closing bell. Here is a glance at what to anticipate.
What To Watch: Traders shall be looking ahead to updates on profitability tendencies, market GOV progress, and ahead steerage from the corporate.
DoorDash’s annual subscriber disclosure can also be anticipated with this quarterly report which confirmed subscribers had reached an all-time excessive of 18 million on the finish of 2023.
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JMP analyst Andrew Boone launched an earnings preview be aware on DoorDash final Thursday and expects DoorDash to report better-than-expected outcomes primarily based on progress in restaurant and grocery order frequency, GOV, and new buyer preliminary order charges.
Boone additionally famous that DoorDash launched its offsite promoting answer within the fourth quarter which may contribute to income progress. DoorDash’s advert load stays behind its friends however the firm has “substantial runway to broaden its promoting enterprise over time,” the analyst mentioned.
JMP reiterated its Market Outperform score and $200 value goal for DoorDash inventory.
DoorDash inventory has a consensus value goal of $179.47 primarily based on the rankings of 33 analysts, with the excessive being $225 issued by Keybanc in January and the low of $115 issued by Wedbush in August 2024.
In accordance with estimates from Benzinga Professional, analysts anticipate the corporate to report quarterly earnings of 33 cents per share on income of $2.84 billion. DoorDash beat earnings expectations for the third quarter by greater than 72%.
DASH Worth Motion: In accordance with information from Benzinga Professional, DoorDash shares ended Monday’s session up 7.49% at $34.69 on the time of publication Monday.
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