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Grubhub may deliver something investors don't want to eat

3 weeks ago by Jon Marino in Earnings

Grubhub ($NYSE:GRUB) is serving up something investors may not be eager to taste. Analysts think the food delivery platform will post losses when it announces earnings, and in the face of some serious competition, Grubhub may be up against a slew of disruptive competitors that are even more digitally advanced. 

And yet - in spite of losses of 32.5% year-over-year, in spite of shares falling more than 60% from their 2018 peak - analysts with Benchmark boosted their price target for the stock, insisting shares are heading higher after a catastrophic decline. Making matters more challenging for Benchmark and for Grubhub, are a slew of competitors that are out to deliver your lunch - and eat Grubhub's. 

Lately, Doordash has been the hungriest - our chart above tracks the Apple ($NASDAQ:AAPL) Store Ratings Count for three of the top food delivery apps, and Doordash has been both growing and extending its ratings count growth over its two competitors. At least Grubhub isn't in last among the tasty triumvirate - but, it will be, in our next chart. 

Here, also within the Apple store, we're seeing Doordash is also tops with consumers in terms of its rating. Postmates has pulled away a little bit from Grubhub as of late, but each of the apps is maintaining a solid rating in the Apple Store. 

Our very last chart tracks Grubhub's job postings - and, clearly, they're declining - but then again, so are many other digital competitors that are doing the same, it may be a trend that's hitting the space as so many competitors have scaled into maturity. 

Still, analysts tracked by Zacks Investment Research are anticipating losses when the digitized delivery platform announces results February 5 after trading wraps up. 

About the Data:

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

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Jon Marino

Jon Marino is Thinknum's finance editor, covering the impacts of alternative data on public companies and investors. Prior to joining Thinknum, Jon worked in the ...

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