Lyft, Inc. (LYFT) is set to release its third-quarter earnings after the market closes on Wednesday, November 6th. Analyst expectations and recent partnerships, including one with DoorDash, are poised to influence the company’s performance. This article provides a detailed look at what investors can anticipate, key analyst ratings, and the impact of recent collaborations.
Results for: DoorDash
DoorDash, Inc. (DASH) reported strong third-quarter results, exceeding analyst estimates for both earnings and revenue. The company’s total orders and marketplace gross order value (GOV) also saw significant year-over-year growth, driven by increased consumer engagement and a growing customer base.
Fiserv, Inc. (FI) reported strong third-quarter results, exceeding revenue and earnings estimates. The company also raised its full-year revenue and earnings guidance. Key highlights include a new partnership with DoorDash to integrate financial services into the delivery platform and a significant increase in organic revenue growth driven by strong performance in Merchant Solutions and Financial Solutions.
DoorDash stock surged on Wednesday after KeyBanc analyst Justin Patterson upgraded the stock to Overweight, citing the company’s strong market share gains, emerging revenue streams, and robust growth prospects. Patterson’s upgraded forecast is based on his recent survey data, which shows DoorDash distancing itself from competitors in food delivery and making significant inroads into the grocery market. The analyst also anticipates DoorDash’s core and emerging verticals to fuel strong GOV and EBITDA growth in the coming years.
DoorDash stock is climbing on Wednesday, fueled by an upgrade from KeyBanc and a favorable court decision that struck down a New York City law requiring food delivery companies to share customer data with restaurants.
Many customers don’t realize how little DoorDash drivers make. A 2020 study found that dashers earn an average of $1.45 per hour after factoring in expenses. This is a job that often depends on gratuities, yet many customers don’t seem to understand that. One DoorDash customer shares how a handwritten note from a driver named Leah made him realize the importance of tipping. He believes that if all drivers did something similar, tipping would increase significantly.
Vallarta Supermarkets has teamed up with DoorDash, allowing customers to order groceries and have them delivered to their homes via the DoorDash app. The partnership includes the delivery of fresh meat cuts from the carniceria, as well as traditional cultural items such as tamales and pozole. To celebrate the collaboration, customers can receive a 20% discount on eligible orders of $35 or more using the promo code ‘Vallarta20’ until May 7th.
A DoorDash driver in Milwaukee, Wisconsin, had her car stolen while making a food delivery. Casey Miller, the victim, left her car running for less than a minute to drop off an order when a burgundy SUV approached. A passenger jumped out, got into her white 2015 Toyota Corolla, and drove off. Miller is now out of a car and a job. DoorDash does not provide drivers with insurance, and Miller’s insurance is not covering the cost of a rental car. She is warning other delivery drivers to be aware of their surroundings and not to leave their cars running.