DoorDash, Inc. (NYSE:DASH) Expected to Announce Earnings of -$0.27 Per Share

Wall Street brokerages expect that DoorDash, Inc. (NYSE:DASH) will announce ($0.27) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for DoorDash’s earnings. The lowest EPS estimate is ($0.40) and the highest is ($0.18). The firm is expected to issue its next quarterly earnings results on Thursday, November 11th.

On average, analysts expect that DoorDash will report full year earnings of ($1.15) per share for the current financial year, with EPS estimates ranging from ($1.41) to ($0.88). For the next financial year, analysts forecast that the firm will post earnings of ($0.71) per share, with EPS estimates ranging from ($1.21) to ($0.23). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover DoorDash.

DoorDash (NYSE:DASH) last posted its quarterly earnings data on Thursday, August 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.10). The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.10 billion.

DASH has been the topic of several research analyst reports. KGI Securities initiated coverage on DoorDash in a research note on Thursday, June 24th. They set a “hold” rating on the stock. Wells Fargo & Company lifted their target price on DoorDash from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 13th. Gordon Haskett started coverage on DoorDash in a research note on Monday, August 2nd. They set a “buy” rating and a $206.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on DoorDash from $160.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, August 13th. Finally, Zacks Investment Research raised DoorDash from a “sell” rating to a “hold” rating in a research note on Monday, September 13th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $191.65.

In other news, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, July 2nd. The stock was sold at an average price of $182.56, for a total transaction of $228,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prabir Adarkar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 20th. The stock was sold at an average price of $221.40, for a total value of $1,107,000.00. The disclosure for this sale can be found here. Insiders have sold 12,006,030 shares of company stock valued at $2,177,537,665 in the last ninety days. Company insiders own 15.54% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of DoorDash by 46.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 14,011,650 shares of the company’s stock valued at $2,498,698,000 after purchasing an additional 4,442,806 shares in the last quarter. Morgan Stanley raised its stake in shares of DoorDash by 11.6% in the second quarter. Morgan Stanley now owns 12,189,528 shares of the company’s stock valued at $2,173,759,000 after purchasing an additional 1,269,171 shares in the last quarter. Coatue Management LLC raised its stake in shares of DoorDash by 4.3% in the second quarter. Coatue Management LLC now owns 9,659,319 shares of the company’s stock valued at $1,722,546,000 after purchasing an additional 401,135 shares in the last quarter. Lone Pine Capital LLC raised its stake in shares of DoorDash by 11.0% in the second quarter. Lone Pine Capital LLC now owns 7,460,157 shares of the company’s stock valued at $1,330,370,000 after purchasing an additional 736,606 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in DoorDash by 4.0% during the second quarter. Baillie Gifford & Co. now owns 5,165,896 shares of the company’s stock worth $921,235,000 after acquiring an additional 196,369 shares in the last quarter. Institutional investors and hedge funds own 73.53% of the company’s stock.

NYSE:DASH traded down $0.66 on Thursday, hitting $217.00. 2,709,388 shares of the company’s stock traded hands, compared to its average volume of 3,289,441. DoorDash has a 1 year low of $110.13 and a 1 year high of $256.09. The firm has a 50-day moving average price of $191.00 and a 200-day moving average price of $162.86. The company has a market cap of $73.33 billion and a PE ratio of -29.36.

About DoorDash

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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Earnings History and Estimates for DoorDash (NYSE:DASH)

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