Maplebear (CART) Surpasses Q4 Earnings Estimates

Core Insights - Maplebear (CART) reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of$ 0.37 per share, and up from $0.44 per share a year ago, representing an earnings surprise of 43.24% [1] - The company posted revenues of$ 883 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.51%, but up from $803 million year-over-year [2] - Maplebear shares have increased approximately 19.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.40 on revenues of $896.17 million, and for the current fiscal year, it is$ 1.60 on revenues of $3.69 billion [7] - The estimate revisions trend for Maplebear is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Commerce industry, to which Maplebear belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]