BUZZ-PREVIEW: Instacart edges higher; co seen delivering 10% rev growth

Reuters11-13
BUZZ-PREVIEW: Instacart edges higher; co seen delivering 10% rev growth

** Shares of Maplebear Inc CART.O, which does business as Instacart, climb 0.3% ahead of qtrly results after the bell, with investors focused on rev growth in the competitive online delivery space

** In its prev report on Aug. 6, CART projected quarterly gross transaction value and core profit above analysts' estimates, betting on higher fees and more orders

** On Oct. 30, rival food delivery co DoorDash DASH.O forecast qtrly core profit above estimates

** Analysts on avg expect CART's qtrly rev up 10.5% to $844 mln and adjusted EPS of $0.22 vs loss of $20.86/shr yr-ago, per LSEG

** CART's stock has doubled YTD, outperforming the Nasdaq's .IXIC 28% rise

** CART last traded at $47.95, just below its record high close of $48.86 on Nov. 7

** Stock recently traded at 36 times expected earnings, just below its one-yr avg of 38x — LSEG

(Reporting by Noel Randewich)

((noel.randewich@tr.com))

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