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Waitr Holdings’ top line in the to-be-reported quarter is expected to have benefited fromits diversified selection of restaurant partners and strengthening customer service.
Waitr has also diversified its product offerings beyond food delivery, having introduced its tableside service technology which is a key catalyst. Through the scanning of a QR code on a smartphone, the new product allows diners to access the menu at the table, place an order, pay and tip through the app without contact.
Combining this dine-in offering with its existing delivery and take-out ordering services, Waitr now offers an integrated payment solution that can help restaurants improve their safety protocols, sales and efficiency, both inside and outside the four walls of the restaurant.
In third-quarter 2020, average daily orders were 39,880 while active diners as of Sep 30, 2020 were more than 2 million.
Moreover, the company has continued expansion into new delivery verticals such as same-day groceries and alcohol delivery services. This is expected to have aided user growth in the to-be reported quarter.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.But that’s not the case here.
Waitr Holdings has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Pool Corporation (POOL - Free Report) has an Earnings ESP of +6.37% and carries a Zacks Rank of 2, currently.
Playa Hotels & Resorts N.V. (PLYA - Free Report) has an Earnings ESP of +3.23% and carries a Zacks Rank of 3, currently.
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Waitr Holdings (WTRH) to Report Q4 Earnings: What's in Store?
Waitr Holdings Inc. is set to report fourth-quarter 2020 results on Mar 8.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $47.6 million, indicating growth of 10.5% from the year-ago quarter.
The consensus mark for loss has remained steady at 4 cents per share over the past 30 days, indicating growth of 114.2% from the year-ago quarter.
Let’s see how things have shaped up prior to this announcement.
Waitr Holdings Inc. Price and EPS Surprise
Waitr Holdings Inc. price-eps-surprise | Waitr Holdings Inc. Quote
Factors to Consider
Waitr Holdings’ top line in the to-be-reported quarter is expected to have benefited fromits diversified selection of restaurant partners and strengthening customer service.
Waitr has also diversified its product offerings beyond food delivery, having introduced its tableside service technology which is a key catalyst. Through the scanning of a QR code on a smartphone, the new product allows diners to access the menu at the table, place an order, pay and tip through the app without contact.
Combining this dine-in offering with its existing delivery and take-out ordering services, Waitr now offers an integrated payment solution that can help restaurants improve their safety protocols, sales and efficiency, both inside and outside the four walls of the restaurant.
In third-quarter 2020, average daily orders were 39,880 while active diners as of Sep 30, 2020 were more than 2 million.
Moreover, the company has continued expansion into new delivery verticals such as same-day groceries and alcohol delivery services. This is expected to have aided user growth in the to-be reported quarter.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.But that’s not the case here.
Waitr Holdings has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Bassett Furniture Industries, Incorporated (BSET - Free Report) has an Earnings ESP of +2.13% and currently holds a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Pool Corporation (POOL - Free Report) has an Earnings ESP of +6.37% and carries a Zacks Rank of 2, currently.
Playa Hotels & Resorts N.V. (PLYA - Free Report) has an Earnings ESP of +3.23% and carries a Zacks Rank of 3, currently.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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