Maplebear (CART) Earnings Expected to Grow: Should You Buy?

Core Insights - Wall Street anticipates a year-over-year increase in earnings for Maplebear (CART) due to higher revenues, with a focus on how actual results compare to estimates [1][2] - The earnings report is set to be released on November 10, and better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2][3] Earnings Estimates - The Zacks Consensus Estimate predicts quarterly earnings of $0.50 per share for Maplebear, reflecting a year-over-year increase of +19.1% [3] - Expected revenues for the quarter are $934.4 million, which is a 9.7% increase from the previous year [3] Estimate Revisions - The consensus EPS estimate has been revised 1.01% higher in the last 30 days, indicating a collective reassessment by analysts [4] - However, the Most Accurate Estimate for Maplebear is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.16%, suggesting a bearish outlook from analysts [12] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with a strong predictive power for positive readings [9][10] - Maplebear's current Zacks Rank is 3, which complicates the prediction of an earnings beat [12] Historical Performance - In the last reported quarter, Maplebear exceeded the expected earnings of $0.39 per share by delivering $0.41, resulting in a surprise of +5.13% [13] - Over the past four quarters, the company has beaten consensus EPS estimates three times [14] Conclusion - While Maplebear does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [17]