wiegveld schreef op 17 mei 2023 23:55:
Zacks over DASH
DoorDash, Inc. (DASH): San Francisco, California-based DoorDash’s logistics platform connects merchants, consumers and delivery personnel (dashers) in the U.S. and internationally. Its DoorDash and Wolt marketplaces offer merchants the tools for customer acquisition, delivery, insights and analytics, merchandising, payment processing and customer support; The DashPass and Wolt+ are membership products, and DoorDash Drive and Wolt Drive white-label delivery fulfillment services. It also offers merchants DoorDash Storefront for e-commerce and Bbot for digital ordering and payment solutions (for both in-store and online sales).
DoorDash is benefiting from strong growth in the core restaurant business and even stronger growth in the grocery delivery business, and management believes that the company is taking share in both segments. The international business is also much stronger than the domestic and a major driver of its results. The company is also improving operating efficiency in many areas of its business, including through disciplined expense management.
DoorDash reported March quarter results, which beat estimated by 26.8%. In the last seven days, analysts have taken their 2023 per share loss estimates down 38 cents (17.7%) and their 2024 loss estimate down 39 cents (27.5%). Both the top and bottom lines are expected to improve materially in both years. For 2023, the expectation is for revenue growth of 24.3% and loss improvement of 31.7%. For 2024 growth is expected to be 17.8% and 41.8%, respectively.
In the past year, there is no net change in the share price of this #2 (Buy)-ranked company.
Price and Consensus: DASH
Zacks Investment Research
Vreemde zin dat internationaal beter draait dan USA!