Instacart Guides Q4 Revenue to $972.2M and $0.95 EPS as Shares Slide 15.9%
Instacart reported $939 million in Q3 revenue, up 10.2% year-on-year, narrowly topping analysts’ forecasts and delivering an EBITDA beat. For Q4, analysts foresee 10.1% revenue growth to $972.2 million and $0.95 adjusted EPS, while shares have fallen 15.9% over the past month.
1. Q3 Financial Results
Instacart closed Q3 with $939 million in revenue, marking a 10.2% year-on-year increase. The company narrowly beat revenue forecasts by 0.5% and exceeded analysts’ EBITDA expectations, underscoring operational leverage gains.
2. Q4 Guidance and Analyst Estimates
Analysts project Q4 revenue of $972.2 million, a 10.1% year-over-year rise in line with last year’s growth, and adjusted earnings of $0.95 per share. Coverage has remained stable over the past 30 days, despite three revenue misses in the past two years.
3. Peer Performance and Stock Impact
In the consumer internet space, Electronic Arts posted 61.8% revenue growth and Reddit 69.7% in Q4, though both stocks fell post-results. Instacart shares are down 15.9% over the past month, trading near $34.78 against an average analyst price target of $49.96.