How has DASH's earnings momentum changed over time?
3/28/2025 06:31pm
DASH's earnings momentum has shown a general decline over the past five years, with some fluctuations. Here's a detailed analysis:
1. **Earnings Growth Rate**: The net income growth rate for DASH has been volatile, with a peak year-over-year increase of 120.71% in 2024Q4, followed by a significant decline. The growth rate dropped to -27% by 2023Q4, indicating a sharp deterioration in earnings performance.
|code|Ticker|Name|Date|Net Income (FY) YoY|Net Income (FY)|market_code|
|---|---|---|---|---|---|---|
|DASH|DASH.O|Doordash|2020|30.884557721139434|-4.61E8|185|
|DASH|DASH.O|Doordash|2021|-1.5184381778741864|-4.68E8|185|
|DASH|DASH.O|Doordash|2022|-192.30769230769232|-1.368E9|185|
|DASH|DASH.O|Doordash|2023|58.69883040935673|-5.65E8|185|
|DASH|DASH.O|Doordash|2024|120.70796460176992|1.17E8|185|
2. **Earnings Momentum**: The earnings surprise, which measures the difference between actual earnings per share (EPS) and estimated EPS, has been generally negative over the past three years, with a few positive deviations. The most recent negative surprise was -0.27 in 2023Q4, followed by no change in 2024Q4. This suggests that DASH's actual earnings have consistently fallen short of market expectations, with a slight improvement in the most recent quarter.
3. **Fluctuations**: There have been some fluctuations in DASH's earnings performance, with a significant increase in net income in 2024Q4. However, these fluctuations have not been consistent, and the overall trend shows a decline in earnings momentum over time.
In conclusion, DASH's earnings momentum has experienced a general decline with intermittent fluctuations. While there have been some positive developments, such as a significant increase in net income in 2024Q4, the overall trend suggests a weakening earnings performance over the past five years.