They welcomed the company's more consistent profitability and the prospect of a plan to pay out investors, growing demand for rides and gains in the sector allowing other companies to advertise in the app. They pointed to its potential to become a bigger part of local economies by moving more people, prepared meals, groceries and other goods from one place to another. Someone said Uber Uber,
She is “just starting to flex her platform muscles.”
Next week, we'll see whether the praise extends to some of Uber's smaller competitors in the gig economy.
Lyft Inc., Uber's main ride-hailing rival, reports results Tuesday, as does online grocery delivery service Maplebear Inc., better known as Instacart. Food delivery app DoorDash Inc. report. Thursday. Taken together, these findings will provide a fuller picture of business and delivery demand.
The ride-sharing service has rebounded since the pandemic, and analysts generally said a return to more “normal” trends benefits Uber. But spending on online grocery delivery slowed last year, according to Oppenheimer analysts, after a pandemic-era demand surge.
Meanwhile, customers continue to complain about high food delivery costs, and drivers, largely stuck in less generous contractor roles, are still fighting for better pay and benefits. and online advertising – where outside companies pay a company like Uber or DoorDash DASH,
For advertising space in their apps – it could become a more important sales driver for those platforms as they navigate the ebbs and flows of consumer demand elsewhere.
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It will report as it tries hard to differentiate itself from Uber, focusing on things like services that provide employees with rides to and from work, and services for women and non-binary drivers and riders. In an attempt to attract drivers, the company said last week that it would pay its drivers at least 70% of the fare paid by passengers – after external fees. Lyft also said it will give drivers a more detailed breakdown of ridership fares.
Meanwhile, Instacart CART shares,
Its prices are down from its IPO price, and its customers are still feeling the pain from the jump in grocery prices over the past few years. But Wedbush analysts were impressed by the company's latest move to offer Google Shopping ads to its advertising partners, and said these ads — which take shoppers from Google to Instacart when they click on them — will help Instacart capture a bigger slice of advertiser spending.
Meanwhile, Jefferies analysts upgraded DoorDash DASH shares,
Last month, it said its greater push into advertising, delivering items from grocery stores and convenience stores, would help drive profits over the next two years.
This week in earnings
More than two-thirds of companies in the S&P 500 have released their most recent quarter results, FactSet said in a report on Friday. Next week, 62 S&P 500 companies will report results next week, including two Dow Jones companies, this report said.
After the difficulties faced by McDonald's (MCD),
Which said the conflict in the Middle East was hurting business and that lower-income customers were spending less, we'll hear from chains like Shake Shack Inc. SHAK,
wendy's win company,
Krispy Kreme Company DNUT,
Cryptocurrency exchange Coinbase Global Inc.COIN,
A report will also be filed, amid questions about the impact of new Bitcoin exchange-traded funds and regulatory scrutiny.
Sports betting platform DraftKings Inc. DKNG,
will post earnings following the Super Bowl, while clog and sandal maker Crocs Inc. CROX,
A report will be presented following more optimistic forecasts last month. Beverage giants Molson Coors Tap,
Coca-Cola Company KO,
Also report, as is the case with lodging platform Airbnb Inc. ABNB,
Call to put it on your calendar
Last week, Mattel Inc. MAT,
It said it would cut costs, removing cutouts after the success of the “Barbie” movie, and the company is looking to next year when demand for toys is expected to be weaker, partly due to a thinner film pipeline. We'll see if that presents any opportunity for Hasbro Inc. When it reports key holiday quarter results on Tuesday.
Games like “Dungeons & Dragons,” “Magic: The Gathering” and the video game “Baldur's Gate III” were bright spots for the company. As both Mattel and Hasbro try to turn more of their toys into movies and TV shows, executives said in October that Hasbro HAS,
She had more than 30 entertainment projects in the pipeline, such as “Transformers One” and the animated series “Magic” on Netflix. But the company is trying to tighten up elsewhere. In December, the company sold its film and television business Entertainment One to Lionsgate for $375 million and announced another round of layoffs. However, it also announced a dividend.
Number to watch
Cisco orders and sales: Networking and cloud services giant Cisco Systems Inc. CSCO,
Quarterly results are announced on Wednesday. These results will arrive amid questions about potential strategic mistakes, post-pandemic demand and competition, and how many customers have already purchased the products they need from the company.
In November, the company lowered its full-year sales forecast. CEO Chuck Robbins said at the time that the company had seen a slowdown in new orders, adding that “our customers are now focused on installing and fulfilling these unprecedented levels of product.” The forecast “reinforces our view that Cisco is losing share in its core business,” Needham analyst Alex Henderson said.
Wall Street will be looking for more clarity on what path Cisco might take amid the weak outlook. They did get one possible clue on Friday: Reuters reported that the company plans to cut “thousands” of jobs as it focuses on areas of the business with greater growth potential.
