Instacart (CART) To Report Earnings Tomorrow: Here Is What To Expect

Group 1: Company Performance - Instacart reported revenues of $914 million last quarter, exceeding analysts' expectations by 2% and showing an 11.1% year-on-year growth [1] - Analysts expect Instacart's revenue to grow 9.6% year-on-year to $934.1 million in the upcoming quarter, a slowdown from the 11.5% increase recorded in the same quarter last year [2] - Adjusted earnings per share are anticipated to be $0.77 [2] Group 2: Analyst Sentiment - Analysts have generally reconfirmed their estimates for Instacart over the last 30 days, indicating confidence in the company's performance heading into earnings [3] - Instacart has missed Wall Street's revenue estimates three times in the past two years [3] Group 3: Market Context - In the online marketplace segment, EverQuote reported a year-on-year revenue growth of 20.3%, while Shutterstock's revenue increased by 3.8%, both exceeding analysts' expectations [4] - The online marketplace stocks have generally underperformed, with an average decline of 3.6% in share prices over the last month, while Instacart's shares are down 3.1% during the same period [6] - Instacart's average analyst price target is $54.81, compared to its current share price of $37.11 [6]