DoorDash Inc reports results for the quarter ended June 30 - Earnings Summary

• DoorDash Inc DASH reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 22 cents to 65 cents per share.

• Revenue rose 24.9% to $3.28 billion from a year ago; analysts expected $3.16 billion.

• DoorDash Inc's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $285 million.

• DoorDash Inc shares had risen by 3.6% this quarter and gained 52.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for DoorDash Inc is $239.50, about 6.6% below its last closing price of $255.28

This summary was machine generated from LSEG data August 6 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)