Maplebear Inc. (CART)
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Maplebear Inc. (CART) Q3 2024 Earnings Call Transcript
Maplebear Inc. (NASDAQ:CART ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - Vice President, Investor Relations, Capital Markets and Security Fidji Simo - Chief Executive Officer Emily Reuter - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Ron Josey - Citi Sebastian Colin - Baird Ross Sandler - Barclays Justin Post - Bank of America Jason Helfstein - Oppenheimer Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Nikhil Devnani - Bernstein Shweta Khajuria - Wolfe Research Andrew Boone - JMP Securities Ross Compton - Macquarie Operator Good day and thank you for standing by. Welcome to Instacart's Third Quarter 2024 Financial Results Conference Call.
Instacart CEO: Retailer Integrations Streamline Shopping, Drive Growth
Instacart's expansion of retailer integrations and the implementation of advanced technology have streamlined the shopping experience, providing convenience, savings and higher engagement, CEO Fidji Simo noted Tuesday (Nov. 12) during the company's third-quarter earnings call.
Maplebear (CART) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Maplebear (CART) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Maplebear (CART) Q3 Earnings and Revenues Beat Estimates
Maplebear (CART) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to loss of $20.86 per share a year ago.
Instacart's weak outlook for the end of the year drags the stock lower
Instacart says sales are up 12%, but investors worry about weaker outlook and the prospect of cooling demand.
CART's "Massive" Advantage Over Retail Giants
Maplebear (CART), Instacart's parent company, reports earnings after the closing bell. Pressure is on the stock after more than doubling year-to-date, but Andy Swan with @LikeFolio is impressed with its grip on the online grocery space.
Maplebear (CART) Upgraded to Buy: Here's What You Should Know
Maplebear (CART) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Is Maplebear Inc. (CART) Stock Outpacing Its Retail-Wholesale Peers This Year?
Here is how Maplebear (CART) and Brinker International (EAT) have performed compared to their sector so far this year.
Maplebear (CART) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Maplebear (CART) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Instacart: Fairly Valued With Considerable Risks
Instacart's strong retailer relationships and customer data integration provide competitive advantages, but revenue growth is slowing, and margins are under pressure due to competition and rising costs. Advertising revenue is growing and now constitutes 28% of total revenue, but the overall revenue growth rate is expected to be flat or declining. Amazon's entry into the online grocery market poses a significant threat, potentially reducing Instacart's revenue growth rate and margins.
Why Maplebear (CART) Could Beat Earnings Estimates Again
Maplebear (CART) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Instacart Is Revolutionizing Groceries: Why It's Time to Invest
It can be confusing, but Maplebear Inc. CART is better known as Instacart, the world's largest online grocery marketplace, and they also deliver groceries from over 85,000 stores to over 25 million people. However, unlike other delivery services like Uber Eats, owned by Uber Technologies Inc. and the world's largest restaurant delivery service, DoorDash Inc. and Amazon.com Inc.; Instacart is making inroads into in-store shopping, not just delivery.
