- Deliveroo‘s gross transaction value for the third quarter was GBP1.78 billion, slightly below the estimate of GBP1.81 billion.
- International gross transaction value was GBP680 million, missing the forecasted GBP702 million.
- Total orders for the quarter were 71.1 million, slightly falling short of the expected 71.41 million.
- International orders amounted to 31.6 million, just under the estimate of 31.63 million.
- In the UK and Ireland, monthly active consumers reached 3.8 million, slightly less than the anticipated 3.84 million.
- Internationally, the number of monthly active consumers was 3.1 million, narrowly missing the estimate of 3.11 million.
- The company expects to achieve positive free cash flow for the full year 2024.
- Growth in the UK and Ireland is reported as healthy, with improving order trends.
- Deliveroo is pleased with underlying international growth, notably in the UAE and Italy.
- Currently, Deliveroo has 8 ‘buy’ recommendations, 7 ‘hold’ recommendations, and 2 ‘sell’ recommendations from analysts.
Deliveroo on Smartkarma
Analyst coverage of Deliveroo on Smartkarma’s independent investment research network highlights positive sentiment towards the company. According to Value Investors Club‘s report titled “Deliveroo (ROO) – Tuesday, Feb 27, 2024,” Deliveroo is positioned well to reach its 2026 targets. The report also mentions potential catalysts such as mergers and acquisitions (M&A) and index inclusion in the near future. Deliveroo‘s focus on independent restaurants has led to a 30% increase in its stock value over the past year, indicating a promising investment opportunity. The emphasis on higher average order values and improved unit economics showcases the company’s strong fundamentals.
A look at Deliveroo Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Deliveroo PLC, a company providing online food delivery solutions, appears to have a promising long-term outlook based on Smartkarma Smart Scores analysis. With high scores in Growth, Resilience, and Momentum, Deliveroo is positioned for strong future expansion and sustainability in the competitive market. Its excellent Growth score indicates potential for significant market share gains and revenue growth over time.
Moreover, Deliveroo‘s high Resilience and Momentum scores suggest the company’s ability to withstand challenges and maintain its positive growth momentum. While the company’s Value and Dividend scores are not as high, the overall outlook remains positive, especially considering the increasing demand for food delivery services globally. Deliveroo‘s strong presence in the online food delivery sector could drive its success in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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