Q4 Earnings Forecast for DoorDash Issued By Roth Capital

DoorDash, Inc. (NASDAQ:DASH - Free Report) - Roth Capital issued their Q4 2024 EPS estimates for DoorDash in a research report issued on Thursday, October 31st. Roth Capital analyst R. Kulkarni anticipates that the company will earn $0.38 per share for the quarter. The consensus estimate for DoorDash's current full-year earnings is $0.01 per share. Roth Capital also issued estimates for DoorDash's Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.60 EPS and Q4 2025 earnings at $0.70 EPS.

DASH has been the topic of several other research reports. Wedbush restated a "neutral" rating and issued a $115.00 price objective on shares of DoorDash in a research report on Friday, August 2nd. KeyCorp increased their price target on shares of DoorDash from $177.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays lifted their price objective on shares of DoorDash from $120.00 to $163.00 and gave the company an "equal weight" rating in a report on Friday. Raymond James started coverage on shares of DoorDash in a research note on Tuesday, September 24th. They set an "outperform" rating and a $155.00 target price on the stock. Finally, Needham & Company LLC raised their target price on DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.12.

DoorDash Stock Performance

Shares of DoorDash stock traded up $1.58 during trading on Monday, hitting $157.24. 2,326,370 shares of the company's stock were exchanged, compared to its average volume of 3,837,630. The stock has a market capitalization of $64.71 billion, a price-to-earnings ratio of -349.42, a PEG ratio of 359.82 and a beta of 1.67. The business has a 50-day simple moving average of $140.40 and a 200-day simple moving average of $124.10. DoorDash has a 52-week low of $83.58 and a 52-week high of $165.07.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the business posted ($0.19) earnings per share.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at $2,355,187.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Tony Xu sold 81,249 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares of the company's stock, valued at $2,355,187.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 378,705 shares of company stock worth $53,125,040 over the last three months. Company insiders own 7.92% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DASH. Meeder Asset Management Inc. raised its stake in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of DoorDash during the second quarter worth about $32,000. Versant Capital Management Inc increased its position in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company's stock worth $36,000 after purchasing an additional 259 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company's stock valued at $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock valued at $37,000 after purchasing an additional 204 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.