Analysts have been expecting a loss per share of 0.46. For the quarter, DoorDash posted a loss per share of 0.44, an improvement from a loss per share of 0.72 in the comparable quarter in 2022. Even so, be aware that DoorDash is showing 3 warning signs in our investment analysis, you should know about. Analysts at Wedbush have raised their price target for DoorDash after it reported strong second quarter 2023 results. But to truly gain insight, we need to consider other information, too. I find it very interesting to look at share price over the long term as a proxy for business performance. Given the relatively short history of this stock, we'd remain pretty wary until we see some strong business performance. With the stock down 4.9% over the last three months, the market doesn't seem to believe that the company has solved all its problems. That's disappointing, but it's worth keeping in mind that the market-wide selling wouldn't have helped. That falls short of the market, which lost 21%. The firm currently has 72.00 target price on the stock, down from their previous target price of 73.00. ![]() We doubt DoorDash shareholders are happy with the loss of 66% over twelve months. Gordon Haskett cut shares of DoorDash (NYSE:DASH Get Rating) from a buy rating to a hold rating in a research report report published on Wednesday, The Fly reports. You can see what analysts are predicting for DoorDash in this interactive graph of future profit estimates. ![]() It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It's probably worth noting that the CEO is paid less than the median at similar sized companies. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). To our minds it isn't enough to just look at revenue, anyway. It is of course possible that the business will still deliver strong growth, it will just take longer than expected to do it. Unfortunately it seems investors wanted more, because the share price is down 66% in that time. ![]() That's definitely a respectable growth rate. Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.ĭoorDash grew its revenue by 33% over the last year. Shareholders of unprofitable companies usually expect strong revenue growth. On top of that, the share price is down 12% in the last week.Īfter losing 12% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.īecause DoorDash made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. DoorDash hasn't been listed for long, so although we're wary of recent listings that perform poorly, it may still prove itself with time. In that relatively short period, the share price has plunged 66%. ( NYSE:DASH) shareholders, the stock is a lot lower today than it was a year ago. Investing in stocks comes with the risk that the share price will fall.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |