Online grocery delivery platform Instacart (NASDAQ: CART) will be reporting results this Thursday after the bell. Here’s what you need to know.

Instacart beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $939 million, up 10.2% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a narrow beat of analysts’ revenue estimates.

Is Instacart a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Instacart’s revenue to grow 10.1% year on year to $972.2 million, in line with the 10% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.95 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Instacart has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Instacart’s peers in the consumer internet segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Electronic Arts delivered year-on-year revenue growth of 61.8%, beating analysts’ expectations by 29.4%, and Reddit reported revenues up 69.7%, topping estimates by 8.7%. Electronic Arts traded down 2.3% following the results while Reddit was also down 7.4%.

Read our full analysis of Electronic Arts’s results here and Reddit’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. Unfortunately, consumer internet stocks have struggled in this environment as share prices are down 17.3% on average over the last month. Instacart is down 15.9% during the same time and is heading into earnings with an average analyst price target of $49.96 (compared to the current share price of $34.78).

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