Maplebear Inc reports results for the quarter ended June 30 - Earnings Summary

• Maplebear Inc CART.OQ reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 17 cents to 56 cents per share.

• Revenue rose 11.1% to $914.00 million from a year ago; analysts expected $895.99 million.

• Maplebear Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $116 million.

• Maplebear Inc shares had risen by 5.5% this quarter and gained 15.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Maplebear Inc is $54.00, about 8.5% above its last closing price of $49.39

This summary was machine generated from LSEG data August 8 at 02:57 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)