DoorDash Shares Take a Deep Dive as the Company Reveals Its First Earnings Report Since Going Public

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The American food delivery company’s report exceeded Wall Street revenue expectations but revealed disappointing net loss figures that caused its stock to plummet by 13%.

Here are the main financial highlights from DoorDash’s Q4 2020 earnings release:

 

Total revenue: $970 million (226% year-over-year growth) versus expectations for $938 million 

Net loss: $312 million on a GAAP basis (more than twice the amount for Q4 2019)

Loss per share: $2.67 (unadjusted)

 

“We hope markets will begin to open up soon. As that happens, we expect declines in consumer engagement and average order values, though the precise amount remains unclear.”

DoorDash Inc.

 

According to the company’s statement, the high net loss figure is mainly the result of various IPO-related and stock-based compensation expenses. In addition, the food delivery service’s CFO Prabir Adarkar has assured investors that their platform continues to report steady growth in the weekly order volumes in markets where COVID-19 restrictions have been loosened. However, Mr Adarkar warned that this trend may start to reverse once enough people in the country have been vaccinated.

We would like to remind our readers that DoorDash had initially become listed on NYSE in December last year and managed to end its trading day with a market cap of $60.2 billion (a whopping 85% increase). That number has since gone down to about $53 billion.

 

Financial outlook for Q1 2021

While the company stated that its full-year financial outlook is still “highly uncertain”, it did provide investors with some ballpark figures that heavily rely on the successful rollout of COVID-19 vaccines. DoorDash expects Q1 EBITDA earnings of up to $45 million and full-year earnings of up to $200. As for gross order value, the company forecasts between $8.6 and $9.1 billion for Q1 and between $30 billion and $33 billion for the full fiscal year.


Upcoming reports

See the full list of upcoming earnings reports for 1 – 5 March in the tables below.

Monday, 1st of March 2021

Country of originCompany nameFiscal period
USAZoom Video Communications Inc
Q4 2021
USAInseego Corp
Q4 2020
USALemonade Inc
Q4 2020
ChinaNIO Inc
Q4 2020
USANovavax Inc
Q4 2020
USANRG Energy Inc
Q4 2020
USADentsply Sirona Inc
Q4 2020
ChinaJD.Com Inc
Q4 2020
United KingdomAlliance Trust PLC
Full Year 2020
Germanyq.beyond AG
Preliminary report for Q4 2020
United KingdomMurray International Trust PLC
Full Year 2020
United KingdomAggreko PLC
Full Year 2020
Isle of ManEntain PLC
Full Year 2020
United KingdomBunzl plc
Full Year 2020
United KingdomRIT Capital Partners PLC
Full Year 2020
SingaporeBW LPG Ltd
Q4 2020
Kingdom of the NetherlandsPostNL NV
Q4 2020

Tuesday, 2nd of March 2021

Country of originCompany nameFiscal period
USAHewlett Packard Enterprise Co
Q1 2021
USAAmbarella Inc
Q4 2021
USAUrban Outfitters Inc
Q4 2021
USABox Inc
Q4 2021
USAABM Industries Inc
Q1 2021
USARoss Stores Inc
Q4 2020
GermanyKion Group AG
Q4 2020
SwedenSkandinaviska Enskilda Banken AB
Q4 2020
USAKohls Corp
Q4 2020
USATarget Corp
Q4 2020
United KingdomMan Group PLC
Full Year 2020
United KingdomWeir Group PLC
Full Year 2020
MexicoFresnillo PLC
Full Year 2020
United KingdomTravis Perkins PLC
Full Year 2020
United KingdomAshtead Group PLC
Q3 2021
GermanyBrenntag SE
Q4 2020
United KingdomCroda International PLC
Full Year 2020
IrelandFlutter Entertainment PLC
Full Year 2020
United KingdomSignature Aviation PLC
Full Year 2020
United KingdomIntertek Group PLC
Full Year 2020

Wednesday, 3rd of March 2021

Country of originCompany nameFiscal period
BermudaMarvell Technology Group Ltd
Q4 2021
FranceVivendi SE
Full Year 2020
USADollar Tree Inc
Q4 2020
Kingdom of the NetherlandsStellantis NV
Q4 2020
United KingdomPrudential PLC
Full Year 2020
United KingdomKier Group PLC
Half Year 2021
United KingdomPremier Oil PLC
Full Year 2020
United KingdomInternational Personal Finance PLC
Full Year 2020
United KingdomPersimmon PLC
Full Year 2020
United KingdomCapita PLC
Full Year 2020
United KingdomPagegroup PLC
Full Year 2020
BermudaHiscox Ltd
Preliminary report for 2020

Thursday, 4th of March 2021

Country of originCompany nameFiscal period
USACostco Wholesale Corp
Q2 2021
USAGap Inc
Q4 2020
USABroadcom Inc
Q1 2021
USAKroger Co
Q4 2020
United KingdomSchroders PLC
Full Year 2020
United KingdomRentokil Initial PLC
Full Year 2020
GermanyProsiebensat 1 Media SE
Full Year 2020
GermanyHenkel AG & Co KgaA
Full Year 2020
GermanyDeutsche Lufthansa AG
Q4 2020
FranceThales SA
Full Year 2020
GermanyEvonik Industries AG
Full Year 2020
United KingdomAviva PLC
Full Year 2020
IrelandCRH PLC
Full Year 2020
United KingdomMeggitt PLC
Full Year 2020
United KingdomAdmiral Group PLC
Full Year 2020
United KingdomWilliam Hill PLC
Full Year 2020
United KingdomHunting PLC
Full Year 2020
GermanyDraegerwerk AG & Co KGaA
Full Year 2020
GermanyGEA Group AG
Full Year 2020
GermanyMerck KGaA
Full Year 2020
Kingdom of the NetherlandsKoninklijke Boskalis Westminster NV
Full Year 2020
ChileSociedad Quimica y Minera de Chile SA
Q4 2020

Friday, 5th of March 2021

Country of originCompany nameFiscal period
United KingdomEssentra PLC
Full Year 2020
United KingdomLondon Stock Exchange Group PLC
Full Year 2020

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