Valued at $101.9 billion by market cap, San Francisco, California-based DoorDash, Inc. (DASH) provides restaurant food delivery services. The company develops technology to connect customers with merchants through an on-demand food delivery application. DoorDash is gearing up to announce its second-quarter results after the market closes on Wednesday, Aug. 6.

Ahead of the event, analysts expect DASH to deliver a profit of $0.42 per share, marking a significant improvement from the loss of $0.38 per share reported in the year-ago quarter. While the company has surpassed Street’s bottom-line projections twice over the past four quarters, it has missed the estimates on two other occasions.

For the full fiscal 2025, analysts expect DoorDash to deliver an EPS of $2.16, significantly up from the $0.29 reported in fiscal 2024. In fiscal 2026, its earnings are expected to further surge 62.5% year-over-year to $3.51 per share.

DASH stock prices have soared 129.5% over the past 52 weeks, significantly outperforming the S&P 500 Index’s ($SPX) 13.4% returns and the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 18.8% gains during the same time frame.

DoorDash’s stock prices plunged 7.4% in the trading session after the release of its mixed Q1 results on May 6. The company’s total orders jumped 18% year-over-year to 732 million, while its marketplace gross order value surged by 20% to $23.1 billion. Meanwhile, its revenues increased 20.7% year-over-year to $3 billion, but missed the Street’s expectations by 2.3%. Nevertheless, its EPS came in at $0.44, marking a notable improvement from $0.06 loss per share in the year-ago quarter, and surpassing the consensus estimates by 10%.

The consensus opinion on DASH stock is cautiously optimistic with a “Moderate Buy” rating overall. Of the 37 analysts covering the stock, opinions include 23 “Strong Buys,” two “Moderate Buys,” and 12 “Holds.” As of writing, the stock is trading slightly above its mean price target of $237.82.