GrubHub Inc. (NYSE:GRUB) provider of online and mobile platform for restaurant, is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.09 per share.
Looking ahead, the full year loss are expected at $ 0.35 per share on the revenues of $ 1687.67 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,400.00 million ~ $ 1,500.00 million
Click Here For More Historical Outlooks Of GrubHub Inc.
Previous Quarter Performance
GrubHub Inc. disclosed loss for the second quarter of $ 0.17 per share, from the revenue of $ 459.28 million. The quarterly revenues swell 44.08 percent compared with the same quarter last year. According to street consensus, GRUB was expected to report 2Q20 loss of $ 0.18 per share from revenue of $ 406.48 million. The bottom line results beat street analysts by $ 0.01 or 5.56 percent, at the same time, top line results outshined analysts by $ 52.80 million or 12.99 percent.
Stock Performance
Shares of GrubHub Inc. traded up $ 0.21 or 0.27 percent on Tuesday, reaching $ 77.38 with volume of 596.10 thousand shares. GrubHub Inc. has traded high as $ 78.18 and has cracked $ 77.01 on the downward trend
According to the previous trading day, closing price of $ 77.38, representing a 162.93 % increase from the 52 week low of $ 29.35 and a 9.77 % decrease over the 52 week high of $ 85.53.
The company has a market capital of $ 7.14 billion and is part of the Technology sector and Internet Content & Information industry.
Grubhub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
