Maplebear CART, the operator of the Instacart online grocery, could be a solid addition to your investment portfolio. The company’s earnings estimates have been undergoing a notable revision, a positive sign for its future performance. While the stock has been experiencing recent gains, this upward trend is likely to continue as the earnings outlook continues to improve.
The increased optimism surrounding Maplebear’s earnings prospects is driven by analysts’ positive revisions. This upward trend in earnings estimates is a strong indicator of future stock price performance, as proven by empirical research. The Zacks Rank, a well-respected stock rating system, utilizes this insight to provide valuable investment guidance.
The Zacks Rank system assigns a rating from 1 (Strong Buy) to 5 (Strong Sell). Stocks with a Zacks Rank of 1 or 2 have historically outperformed the S&P 500, making them attractive investment options. Maplebear currently holds a Zacks Rank #1 (Strong Buy) due to the strong consensus among analysts regarding upward earnings revisions.
These positive revisions are evident in the consensus estimates for the current quarter and the full year. For the current quarter, the earnings estimate of $0.20 per share represents a significant 100.96% increase from the previous year. Over the past 30 days, the Zacks Consensus Estimate for Maplebear has risen by 20.22%, with four estimates moving higher and only one moving lower.
The full year outlook is equally promising. Maplebear is expected to earn $1.14 per share, representing a year-over-year growth of 109.17%. The trend of positive estimate revisions continues for the full year, with six estimates moving higher and no negative revisions. This has resulted in a 12.19% increase in the consensus estimate over the past month.
Given Maplebear’s impressive earnings estimate revisions and its Zacks Rank #1 (Strong Buy) rating, it represents an attractive investment opportunity. The stock has already gained 5.2% over the past four weeks, indicating that investors are recognizing its growth potential. Consider adding Maplebear to your portfolio to capitalize on its promising earnings growth prospects.
