Will Maplebear (CART) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Maplebear (CART), operating in the Zacks Internet-Commerce industry, has consistently surpassed earnings estimates, averaging a 72.38% beat over the last two quarters [1][3]. Earnings Performance - In the most recent quarter, Maplebear reported earnings of $0.42 per share, exceeding the expected$0.22 per share, resulting in a surprise of 90.91% [2]. - For the previous quarter, the company reported $0.20 per share against an expectation of$0.13 per share, leading to a surprise of 53.85% [2]. Earnings Estimates and Predictions - Analysts have been revising their estimates upward for Maplebear, contributing to a positive Earnings ESP of +23.68%, indicating bullish sentiment regarding the company's earnings prospects [6]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report [6]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4]. - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5].