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Jul 6 2022, 06:50 IST/BST
Disruptive technology
Online takeaway food players: earnings downgrades
- Companies : HelloFresh SE | Naked Wines plc | musicMagpie plc | Deliveroo plc | DoorDash Inc | Just Eat Takeaway.com | Auto Trader Group plc | Carvana Co | Cazoo Group | Purplebricks Group plc | On the Beach Group plc | AO World plc | Delivery Hero | ASOS plc | Rightmove plc | boohoo group plc | Itsarm plc | Moonpig Group plc | Auto1 Group SE
DAVY VIEW
H121 growth comparables remain tough, and investor appetite for longer duration assets has waned. Inflation, higher interest rates and falling consumer sentiment are threats to operational execution. DoorDash (DASH) and Delivery Hero (DHER) continue to execute well, and our ‘M&A’ plays Deliveroo (ROO) and Just Eat Takeaway (TKWY) continue to slug it out in the UK. Earnings estimates come down as do price targets.
