Earnings Estimates Moving Higher for DoorDash (DASH): Time to Buy?

Core Viewpoint - DoorDash, Inc. (DASH) shows a significantly improving earnings outlook, making it a solid choice for investors as analysts continue to raise their earnings estimates for the company [1][2]. Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $0.39 per share, reflecting a remarkable change of +750% from the same period last year [4]. - Over the last 30 days, eight estimates have been revised upward while two have gone lower, resulting in a 5.66% increase in the Zacks Consensus Estimate [4]. Current-Year Estimate Revisions - For the full year, the earnings estimate stands at$ 2.22 per share, indicating a change of +665.52% from the previous year [5]. - The trend for the current year is also positive, with eight estimates moving higher compared to three negative revisions, leading to an 11.02% increase in the consensus estimate [5]. Favorable Zacks Rank - The positive estimate revisions have earned DoorDash a Zacks Rank 2 (Buy), indicating strong potential for outperformance [6]. - Research indicates that stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500 [6]. Bottom Line - Investors have shown confidence in DoorDash, evidenced by a 20% stock gain over the past four weeks, driven by solid estimate revisions and promising earnings growth prospects [7].