Q4 Earnings Forecast for DoorDash Issued By Roth Capital

DoorDash, Inc. (NASDAQ:DASH) – Research analysts at Roth Capital issued their Q4 2024 earnings estimates for shares of DoorDash in a research report issued on Thursday, October 31st. Roth Capital analyst R. Kulkarni anticipates that the company will post earnings of $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.

DoorDash (NASDAQ:DASH) 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. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) EPS.

A number of other equities research analysts have also issued reports on the stock. JMP Securities lifted their target price on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. KeyCorp lifted their price objective on DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their target price on DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Barclays lifted their price target on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Oppenheimer raised their price objective on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $163.12.

DoorDash Stock Performance

DASH stock opened at $157.24 on Monday. The firm 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. The stock has a market cap of $64.71 billion, a P/E ratio of -349.42, a P/E/G ratio of 359.82 and a beta of 1.67.

Hedge Funds Weigh In On DoorDash

Institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. raised its holdings in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of DoorDash during the second quarter worth approximately $32,000. Versant Capital Management Inc grew its stake in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. ORG Partners LLC increased its holdings in shares of DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 253 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the completion of the transaction, the chief operating officer now owns 963,094 shares in the company, valued at $142,528,281.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the transaction, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s 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 sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,539 shares of company stock valued at $46,439,330 over the last quarter. 7.92% of the stock is owned by company insiders.

About DoorDash

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.