Zacks: Brokerages Expect DoorDash, Inc. (NYSE:DASH) Will Announce Earnings of -$0.40 Per Share

Wall Street analysts forecast that DoorDash, Inc. (NYSE:DASHGet Rating) will post earnings of ($0.40) per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for DoorDash’s earnings. The lowest EPS estimate is ($0.46) and the highest is ($0.31). DoorDash posted earnings of ($0.34) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.6%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that DoorDash will report full-year earnings of ($1.23) per share for the current year, with EPS estimates ranging from ($1.60) to ($0.88). For the next financial year, analysts expect that the business will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.86) to $0.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover DoorDash.

DoorDash (NYSE:DASHGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.18). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the prior year, the company earned ($2.67) earnings per share.

A number of research firms have issued reports on DASH. DA Davidson cut their price target on DoorDash from $210.00 to $135.00 in a research note on Friday, February 18th. Wolfe Research lowered their price target on DoorDash from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, February 17th. Susquehanna lowered their price target on DoorDash from $260.00 to $145.00 and set a “positive” rating on the stock in a report on Thursday, February 17th. Mizuho reduced their price objective on DoorDash from $205.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 8th. Finally, Northcoast Research assumed coverage on DoorDash in a research note on Wednesday, January 19th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, DoorDash has an average rating of “Buy” and an average target price of $181.11.

DoorDash stock opened at $110.76 on Monday. The business has a 50-day simple moving average of $102.20 and a two-hundred day simple moving average of $148.26. The company has a market cap of $38.59 billion and a P/E ratio of -79.68. DoorDash has a 52-week low of $74.32 and a 52-week high of $257.25.

In other news, major shareholder Us (Ttgp) Ltd. Sc acquired 390,276 shares of the business’s stock in a transaction dated Tuesday, March 8th. The shares were acquired at an average cost of $84.65 per share, with a total value of $33,036,863.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Gordon S. Lee sold 5,983 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $94.78, for a total value of $567,068.74. The disclosure for this sale can be found here. Insiders sold 449,099 shares of company stock worth $47,948,303 over the last three months. Corporate insiders own 15.54% of the company’s stock.

A number of institutional investors have recently bought and sold shares of DASH. Morgan Stanley grew its holdings in DoorDash by 11.6% during the second quarter. Morgan Stanley now owns 12,189,528 shares of the company’s stock worth $2,173,759,000 after acquiring an additional 1,269,171 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in DoorDash by 215.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,754 shares of the company’s stock worth $1,220,000 after acquiring an additional 3,929 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in DoorDash by 426.7% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 231,072 shares of the company’s stock worth $47,596,000 after acquiring an additional 187,199 shares during the period. Railway Pension Investments Ltd grew its holdings in DoorDash by 4.4% during the third quarter. Railway Pension Investments Ltd now owns 132,974 shares of the company’s stock worth $27,390,000 after acquiring an additional 5,661 shares during the period. Finally, Westpac Banking Corp boosted its position in DoorDash by 99.2% during the third quarter. Westpac Banking Corp now owns 50,693 shares of the company’s stock worth $10,442,000 after purchasing an additional 25,239 shares in the last quarter. 75.44% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Company Profile (Get Rating)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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