Maplebear (NASDAQ:CART – Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Maplebear to post earnings of $0.04 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Maplebear (NASDAQ:CART – Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.52. The business had revenue of $803.00 million for the quarter, compared to the consensus estimate of $804.62 million. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts expect Maplebear to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Maplebear Stock Performance
Shares of NASDAQ CART opened at $34.13 on Wednesday. Maplebear has a 12-month low of $22.13 and a 12-month high of $42.95. The firm has a 50 day moving average of $35.45 and a 200 day moving average of $28.68.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Maplebear in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $28.00 price target for the company. Macquarie assumed coverage on shares of Maplebear in a research report on Monday, March 25th. They issued an “outperform” rating and a $42.00 price target for the company. Piper Sandler upped their price target on shares of Maplebear from $36.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. BMO Capital Markets initiated coverage on shares of Maplebear in a research report on Tuesday, January 9th. They set a “market perform” rating and a $26.00 target price for the company. Finally, Sanford C. Bernstein upgraded shares of Maplebear from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $43.00 in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.79.
Get Our Latest Research Report on Maplebear
Maplebear Company Profile
Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.
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