GrubHub (GRUB) will report earnings before the market open Wednesday, with expectations of strong growth for the online food order and delivery platform. GrubHub is expected to report revenue of $85.4 million, up 46% from the year-earlier period and maintaining a string of double- or triple-digit growth going back 13 quarters. The consensus estimate on earning per share minus items, as polled by Thomson Reuters, is 14 cents, up from 5 cents.
As the leader in a market ripe for disruption, GrubHub (GRUB) received a buy rating in new coverage initiated by Sterne Agee. GrubHub provides an online platform for restaurant delivery and pickup orders. Its platform lets diners order directly from some 30,000 takeout restaurants in more than 800 U.S. cities and London. Sterne Agee analyst Arvind Bhatia initiated coverage with a price target of 56. GrubHub stock was down 1.3% to 44.73, in early
GrubHub (GRUB) stock is pricey, but it remains attractive with first-quarter earnings estimates upward revisions likely, an analyst report said Monday. “While the valuation is premium, we believe the opportunity remains large and GrubHub is competing from a leading position,” wrote Michael Graham, an analyst at Canaccord Genuity. “We find our estimates for GrubHub in Q1 reasonable, and believe there exists good potential for upside.” GrubHub