DASH: First Look at Q4 Results and Outlook
DoorDash (DASH; $126.27; E/W) reported Q4 sales of $2,303mm (+27% YoY), which was ahead of our $2,243mm and the Street’s $2,250mm on gross order value (GOV) of $17.64B (+22% YoY) in Q4 that was also…
DoorDash (DASH; $126.27; E/W) reported Q4 sales of $2,303mm (+27% YoY), which was ahead of our $2,243mm and the Street’s $2,250mm on gross order value (GOV) of $17.64B (+22% YoY) in Q4 that was also…
Earlier today, Uber Technologies (UBER; $79.15; O/P) hosted a virtual Investor Update, which featured presentations from CEO Dara Khosrowshahi, CFO Prashanth Mahendra-Rajah, as well as Andrew Macdonald, SVP, Mobility and Business Operations; Pierre-Dimitri Gore-Coty, SVP,…
We bump up 2024/2025E adjusted EBITDA for Maplebear, doing business as Instacart (CART: $25.40; O/P) from $680mm (2.1% of GTV) and $770mm (2.3% of GTV) to $700mm (2.1% of GTV) and $790mm (2.3% of GTV)…
We adjust full year 2024E EBITDA for Lyft (LYFT; $12.13; E/W) from $350mm (2.3% of gross bookings) to $338mm (2.1% of gross bookings) after somewhat of a Q4 beat and Q1E guidance that was a…
Our latest look at aggregate inventories up and down the supply chain suggested some more solid improvements towards a return of more normalized levels, although it is hard not to argue there remains “more inventory…
We reiterate our Outperform and raise our target from $30 to $32 on the shares of Flex (FLEX; $26.65; O/P) after hosting investor meetings last Thursday (2/8) in Boston with CEO Revathi Advaithi, CFO Paul…
The shares of Belden (BDC; $83.23; E/W) surged 11% last week after a Q4 beat that came with Q1E guidance that jibed with the Street. The stock is now 33% “off the bottom” put in…
Belden (BDC; $74.50; E/W) reported Q4 non-GAAP EPS of $1.46, which was handily ahead of our consensus matching $1.13 on some better than expected sales ($551mm vs. our $527mm and the Street’s $522mm). We estimate…
This morning, Maplebear, doing business as Instacart (CART; $24.46; O/P) announced a new partnership with Amazon’s (AMZN; $170.53; NR) Whole Foods Market Canada to offer on-demand grocery delivery to consumers in Canada. Our checks suggest…
Uber Technologies (UBER; $70.65; O/P) posted Q4 results and provided Q1E guidance, which once again highlighted robust core growth, led by Mobility, supplemented by a range of new product initiatives and geographic expansion we have…
Uber Technologies (UBER; $70.47; O/P) posted Q4 adjusted EBITDA of $1,283mm (3.4% of gross bookings), which beat our forecast of $1,231mm (3.3% of gross bookings) and the Street’s $1,225mm (3.3% of gross bookings). Revenue of…
We are reducing our rating from Outperform to Equal-Weight on the shares of Sensata (ST; $33.06; E/W) after its latest in a series of disappointing financial updates. Admittedly, management’s latest Q4 EPS miss, and lower…
Earlier today, Lyft (LYFT; $13.32; E/W) announced in a blog post an early-2024 driver product release, which includes a range of driver friendly initiatives that are aimed at improving driver earnings while also adding steps…
This morning, Hyzon Motors (HYZN; $0.71) announced it signed a joint development agreement (JDA) with New Way Trucks to develop a hydrogen fuel cell refuse vehicle for the North American market. We note New Way…
Sensata (ST; $36.12; O/P) reported Q4 adjusted EPS of $0.82, which was below our $0.85 and the Street’s $0.86 on better-than-expected sales ($993mm vs. our $976mm and the Street’s $978mm), basically as expected operating profits…