DoorDash

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target at $100, shifting to our P/E analysis and based on a ratio of 31x our ’25 EPS view, which we start at $3.23, above peers to reflect financial strength (net cash of $3.8B) and higher growth. We raise our ’23 EPS estimate to $1.77 from $1.38 and ’24 to $2.41 from $2.01. DASH posts Q3 adjusted EBITDA of $344M vs. $87M, well above the $255M consensus. Sales rose 27%, exceeding expectations, largely on a 24% increase in Marketplace GOV and greater contribution in advertising. We are impressed by accelerating growth across almost all businesses amid macro uncertainty, which we think is a testament of the stickiness of its ecosystem. We remain optimistic about Wolt international expansion, adjacent market expansion (e.g., groceries doubled […]

DoorDash Q3 2023 EPS $(0.19) Up From $(0.77) YoY, Revenue $2.164B Beats $2.092 Estimate.

DOORDASH Posts Q3 Revenue $2.16B, vs. Street Est of $2.09B.

DoorDash Q4 2023 Period Marketplace GOV $17B-$17.4B; Adj. EBITDA $320M-$380M.

DoorDash (NYSE:DASH) Guides for Q3 Marketplace GOV of $15.8-$16.2 Billion, Vs Visible Alpha Analyst Consensus of $16.1 Billion。

DoorDash (NYSE:DASH) reported a Q2 loss  of $0.44 per diluted share, narrower than the per-share loss of $0.72 a year earlier. Analysts polled by Capital IQ expected a loss of $0.43. Revenue for the quarter ended June 30 was $2.13 billion, up from $1.61 billion a year earlier. Analysts surveyed by Capital IQ expected $2.06 billion.

DoorDash, Inc. (NYSE:DASH) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Andy Hargreaves – Vice President, Finance and Investor Relations Tony Xu – Co-Founder, Chair and CEO Ravi Inukonda – Chief Financial Officer Conference Call Participants Deepak Mathivanan – Wolfe Research Mark Mahaney – Evercore ISI Nikhil Devnani – Bernstein Ron Josey – Citi Lloyd Walmsley – UBS Douglas Anmuth – J.P. Morgan Securities Inc. Brian Nowak – Morgan Stanley Eric Sheridan – Goldman Sachs Ross Sandler – Barclays Michael McGovern – Bank of America Youssef Squali – Truist Securities Operator Good afternoon, and welcome to the DoorDash Second quarter 2023 Earnings Call. My name is Briana and I will be your conference operator today. Please note that this call is being recorded. [Operator Instructions] I will now turn the call over to Andy Hargreaves. You may begin your conference. Andy Hargreaves Thanks, Briana. Good