The Zacks Internet - Services industry is expected to have significantly benefited from the ongoing digitization, which has been boosting the demand for Internet services across the world.Solid adoption of Software-as-a-Service or SaaS-based services, especially among small and medium-sized businesses, is likely to have benefited the performance of the industry players during the first quarter of 2024.Moreover, the explosion of generative AI, along with the growing proliferation of Machine Learning, blockch ...

Key PointsWith a 65% market share, DoorDash is the nation's largest food delivery service.DoorDash’s network includes over 550,000 partner restaurants and retailers, and over 32 million consumer customers.DoorDash charges restaurants a commission of up to 30% and also collects delivery and service fees from customers, with take rates exceeding 12%.5 stocks we like better than DoorDashThe pandemic made restaurant delivery services a regular fixture in the daily lives of busy consumers. The surge in business ...

DoorDash (DASH) is set to release its first-quarter 2024 results on May 1.The Zacks Consensus Estimate for the top line is currently pegged at $2.45 billion, suggesting a 20.63% increase year over year.The consensus mark for loss is estimated to be 7 cents per share, unchanged in the past 30 days. DASH reported a loss of 41 cents per share in the year-ago quarter.The company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters while missing the same twice, the average surpr ...

(Uber Photo)After a controversial minimum wage law for food delivery drivers in Seattle went into effect in January, tech giants including Uber and DoorDash made it clear they weren’t happy.They immediately added substantial new delivery fees for consumers, which caused demand to drop. They also cranked up their lobbying efforts, spending heavily and making frequent trips to City Hall to meet with councilmembers, according to visitor logs from the Seattle City Council. Now, a new proposal could reverse the ...

Investors might want to bet on DoorDash, Inc. (DASH) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.S ...

One stock that might be an intriguing choice for investors right now is DoorDash, Inc. (DASH) . This is because this security in the Internet - Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Internet ...

The stock market has been in a solid rally since the third quarter of 2023, pushing significant indices to new highs. That upward trajectory also raised company valuations for many stocks, putting investors at risk of inflated stock prices and selloffs. Being the most traded exchange in the states, the Nasdaq is no stranger to seeing expensive stocks that investors should sell. These expensive stocks show signs of decline or have recently seen explosive price growth that lacks fundamental support. Indeed, e ...

Uber and DoorDash are competitors in one key industry, but their businesses are increasingly diverse.DoorDash (DASH -0.54%) is the largest food delivery platform in America with a 67% market share. Uber Technologies (UBER 0.76%) also operates in that industry, although it's sitting in a distant second place with a market share of just 23%.However, Uber is a much larger business because it also operates the world's largest ride-hailing platform, and it has a growing commercial freight segment. DoorDash isn't ...

DoorDash (DASH) recently inked a partnership with Lowe’s Companies (LOW) that will help in expanding its footprint in the local commerce platform.The collaboration is expected to help DASH foray into the home improvement category, allowing consumers nationwide access to more than 1,700 Lowe’s stores for on-demand delivery.Through this partnership, customers can now conveniently purchase Lowe’s products directly through the DoorDash app, enhancing the ability to shop for everyday items with same-day delivery ...

DoorDash has entered the home improvement category with a new partnership with Lowe’s.The on-demand delivery aggregator now offers gardening tools, spring cleaning essentials, do-it-yourself supplies and other products from more than 1,700 of the home improvement retailer’s stores nationwide, DoorDash said in a Monday (April 1) press release.“Our partnership enables consumers with quick access to must-have tools and last-minute materials to complete projects of all sizes,” Fuad Hannon, vice president of new ...