Can Earnings Halt DoorDash Stock Crash? What Investors Watch February 18
DoorDash heads into its February 18 earnings report under heavy technical and sentiment pressure, with shares deep in a multi-month decline.
Quick overview
- DoorDash is facing significant technical and sentiment pressure ahead of its February 18 earnings report, with shares down 14% in the last two days.
- The stock is currently trading 44% below its all-time highs and has broken below key moving averages, indicating a potential bearish trend reversal.
- Analysts expect DoorDash to report a Gross Order Value of $29.2 billion and revenue of approximately $3.94 billion, but caution remains regarding Q1 performance due to increased investment spending.
- Despite some optimism for Q4, near-term uncertainty is high, and DoorDash may need more than solid earnings to reverse its current downtrend.
DoorDash heads into its February 18 earnings report under heavy technical and sentiment pressure, with shares deep in a multi-month decline.
Stock in a Steep Downtrend
DoorDash Inc (NYSE: DASH) is set to report fourth-quarter earnings next week on February 18, but the stock enters the event in a fragile position. Shares have fallen 14% in just the past two days and remain locked in a steep downtrend that began in October 2025, when the stock peaked at $286.
At current levels, DoorDash is trading roughly 44% below its all-time highs. The recent pullback has intensified negative returns across multiple timeframes — weekly, monthly, and over the past three months — drawing renewed scrutiny from investors.
DASH Stock Chart Weekly – Heading for the 200 SMA
On the weekly chart, the stock has broken below key moving averages that previously acted as support. Those levels have now turned into resistance, signaling a potential bearish trend reversal. Technically, shares appear to be heading toward the 200-day simple moving average near $128, unless next week’s earnings deliver a significant upside surprise.
What Analysts Expect
Analysts are forecasting:
- Gross Order Value (GOV) of $29.2 billion
- Revenue of approximately $3.94 billion
- EBITDA of $792 million
- Street consensus stands at $29.2 billion in GOV, $3.99 billion in revenue, and $774 million in EBITDA.
Some analysts believe structural tailwinds could cushion softer restaurant trends. They argue that the ongoing shift toward online ordering and accelerating retail delivery growth may offset weakness in the traditional restaurant segment.
Bank of America data shows U.S. online restaurant spending rose 8% year-over-year in Q4, remaining stable compared to Q3, even as prices continue to rise. Meanwhile, Uber’s recent results suggest retail delivery is gaining momentum.
Cautious Outlook for Q1
Despite optimism around Q4, Bank of America has flagged potential pressure in the first quarter of 2026. The firm expects Q1 EBITDA to come in below Street estimates due to higher early-year investment spending and possible weather-related disruptions.
BofA lowered its Q1 EBITDA forecast to $759 million from $783 million, versus Street expectations of $804 million.
While full-year 2026 EBITDA is projected to remain around $3.6 billion — supported by stable margins of roughly 3.25% on GOV and a $200 million contribution from Deliveroo — near-term uncertainty remains elevated.
Some analysts view the recent sector selloff as overdone, suggesting the upcoming earnings report could serve as a “clearing event.” However, with technical momentum turning negative, DoorDash may need more than solid numbers to reverse the prevailing bearish trend.
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