Maplebear (CART) Misses Q1 Earnings Estimates

Core Viewpoint - Maplebear (CART) reported quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.38 per share, and showing a decline from $0.43 per share a year ago, indicating an earnings surprise of -2.63% [1] Financial Performance - The company posted revenues of $897 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.16% and increasing from $820 million year-over-year [2] - Over the last four quarters, Maplebear has exceeded consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Maplebear shares have declined approximately 3.7% since the beginning of the year, while the S&P 500 has decreased by 5.3% [3] - The current Zacks Rank for Maplebear is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $892.43 million, and for the current fiscal year, it is $1.58 on revenues of $3.66 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Internet - Commerce industry, to which Maplebear belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]