GrubHub Inc. (GRUB) is a mobile and online food-ordering company that connects diners and corporate businesses with thousands of takeout restaurants in more than 1000 U.S. cities and London. GrubHub Inc. employs a transactional business model, and the service is free for diners.
Reported before open yesterday (5/3/16) Earnings: EPS $0.20 Revenue $112.2M Estimates: EPS $0.20 Revenue $111.2M Down 7.12% yesterday
GrubHub beats Street 3Q forecasts CHICAGO (AP) _ GrubHub Inc. (GRUB) on Wednesday reported third-quarter net income of $13.2 million. On a per-share basis, the Chicago-based company said it had profit of 15 cents. Earnings, adjusted for one-time gains and costs, were 23 cents per share. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. The online food ordering service posted revenue of $123.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $118.3 million. For the current quarter ending in December, GrubHub said it expects revenue in the range of $136 million to $138 million. GrubHub shares have increased 79 percent since the beginning of the year. The stock has risen 35 percent in the last 12 months.
Analyst Upgrade/Downgrade Update Brokerage firm: Stifel Change: Upgrade Previous Rating: Hold Current Rating: Buy Previous Price Target: N/A Current Price Target: $46
Had a couple of big volume days in the last week, but did not hold any gains. See if it can hold the 20 ma here and start holding gains.
Dropped the last couple days but may find support at the 50MA now. May take a shot tomorrow, I'll post if I do.
Lost support from the 50MA and no longer confident in the swing. Long-term I still like it, but prefer free capital over this one right now. Closed today at $43.32 for a +0.30% over 1.5 weeks.
@anotherdevilsadvocate How did your earnings play go? Did you take profits the next day, or hold on even longer? Wish I would have jumped in with you like I talked about, but I was busy and it was already up like 3% that day, so I didn't see the reward as high as I did the day before.
I just bought a few shares, want to protect capital if it's an earnings play. Was very happy that it went up even more the 2nd day after ER (considering how rough this ER season has been), looks like some shorts got squeezed. Sold the day after that when it remained outside Bollinger band but didn't go any higher. I'm just like you, on days when I'm busy I'm not looking to be risky in trading. Watching this and will try to figure out a nice time to get back in...probably trying to be too fine, considering I believe in the food delivery promise.
Glad you locked in your profits! I too believe food delivery will only grow. On the next big dip, I'll probably try and get my foot in the door.
Let me know, I'll join. Food delivery didn't hit europe until now at all. This will be 1-2 years after rocketing in the US.
I'll be watching for a pullback to ~$53.40 (white line in chart below) to hopefully get into this one for the long-term (unless things change). I think Americans are getting fatter and lazier and food delivery services are getting more and more popular.
