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DoorDash, Inc. (NASDAQ:DASH) Earnings Overview and Stock Performance
Feb 12, 2025 1:05 PM - Gordon Thompson
Image credit: Google Images
- DoorDash reported Q4 2024 earnings of $0.33 per share, missing the Zacks Consensus Estimate by 2.94%.
- The company's revenue for the quarter was $2.87 billion, exceeding the Zacks Consensus Estimate by 1.35%.
- Despite the EPS miss, DoorDash's stock price slightly increased to $193.09, reflecting a market capitalization of approximately $80.2 billion.
DoorDash, Inc. (NASDAQ:DASH) is a leading company in the food delivery and logistics sector. It operates one of the largest online food delivery platforms in the U.S., connecting local businesses with customers. DoorDash is expanding its international presence and diversifying into non-food categories. Its competitors include Uber Eats and Grubhub, which also offer similar services.
On February 12, 2025, Benchmark maintained its Negative rating for DASH, advising investors to hold their positions. At that time, DASH was priced at $193.09. This decision followed DoorDash's Q4 2024 earnings call, which took place a day earlier. The call featured key figures like CEO Tony Xu and CFO Ravi Inukonda, and was attended by analysts from major financial institutions.
DoorDash reported Q4 2024 earnings of $0.33 per share, slightly missing the Zacks Consensus Estimate of $0.34. This represents a 2.94% negative surprise. However, it marks an improvement from the previous year's loss of $0.39 per share. In the prior quarter, DoorDash had exceeded expectations with earnings of $0.38 per share, an 80.95% surprise.
Despite the EPS miss, DoorDash's revenue for the quarter was $2.87 billion, surpassing the Zacks Consensus Estimate by 1.35%. This is a significant increase from the $2.3 billion reported in the same quarter the previous year. DoorDash has consistently outperformed consensus revenue estimates over the past four quarters.
The current stock price of DASH is $193.09, reflecting a slight increase of 0.24% or $0.46. The stock has traded between $187.80 and $194 today, with a market capitalization of approximately $80.2 billion. Over the past year, DASH has seen a high of $199.17 and a low of $99.32, indicating significant volatility.
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