DoorDash Forecast Falls Short on Scrutiny Over Profitability [BNN Bloomberg (Canada)]
DoorDash, Inc. (DASH)
Company Research
Source: BNN Bloomberg
DoorDash expects adjusted adjusted earnings before interest, tax, deprecation and amortization for the current quarter of $325 million to $425 million, the midpoint of which falls well below the average estimate. In the first quarter, DoorDash reported Ebitda of $371 million, higher than the $368.5 million that analysts were expecting but still less than the upper end of the company's own guidance range provided in February. The shares slid about 10% in extended trading after the results. They had more than doubled over the past 12 months. Total orders increased 21% to 620 million in the three months ended March 31, the company said in a statement Wednesday, exceeding the average analyst estimate of 607.7 million. The gross value of those orders — a key metric for online delivery services — jumped 21% to $19.2 billion, also far surpassing Wall Street's estimate. The order value at US grocery stores in particular more than doubled, the company said. “Our thesis has always been
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DASH
Earnings
- 5/1/24 - Beat
DASH
Sec Filings
- 5/15/24 - Form 4
- 5/13/24 - Form 144
- 5/13/24 - Form 144
- DASH's page on the SEC website