Deliveroo H1 earnings: can Deliveroo continue their fightback as the share price hits a fresh high?​​​​​​​​​​​​​

Deliveroo earnings in view, but will their success prove sustainable post-lockdown?

​When will Deliveroo report their latest earnings?

Deliveroo report their earnings for the first half (H1) of 2021 pre-market on Wednesday 11 August 2021.

Deliveroo share price boosted by Delivery Hero purchase earnings – what to expect

Deliveroo have already been in the limelight coming into Wednesday’s earnings report, with the stock gaining ground in the wake of the announcement that their German rival Delivery Hero took a 5% stake in the firm.

That vote of confidence took the stock to its highest point since its initial public offering (IPO) price of 390p. This raised questions over the intent of the firm, with Delivery Hero’s operations spanning over 50 countries.

Crucially, that list of countries does not include Deliveroo’s main market in the UK. That focus on the UK is clear given the Deliveroo decision to offload their Spanish operations.

With Just Eat having feasted on the likes of and GrubHub to create a £13.5 billion giant, questions will no doubt linger over whether this initial stake is the first step in Delivery Hero ultimately staging a takeover bid for their lesser rival Deliveroo.

Meanwhile, the group has other considerations for investors, with positive price action coming in response to their court victory over the classification of their workers in the UK.

Deliveroo earnings – what to expect

The last trading update provided by the firm signalled expectations of a 99% rise in gross transaction value (GTV), taking the figure to £3.3 billion. That would represent a 186% rise over the 2019 figure.

Meanwhile, fears that the removal of restrictions would dent demand were evidently lessened after the group speculated that full-year (FY) GTV would come in around the 50-60% mark rather than 30-40% previously indicated.

Nonetheless, investors will be keeping a very close eye out for any signs that demand is waning as people return to some form of normality.

Deliveroo earnings – valuation and broker ratings

Deliveroo’s short period on the market has not been plain sailing. However, we are gradually seeing confidence return with five brokers rating the stock a ‘strong buy’ or ‘buy’ recommendation. There are four ‘holds’ and one ‘sell’ recommendation.

Deliveroo shares – technical analysis

Deliveroo has been on a positive run of form over the course of the past two-months, with the stock rising into a record high ahead of their earnings release.

The four-hourly chart highlights this trend well, with the latest rise coming off the back of a 61.8% Fibonacci retracement. That level now provides us with the key threshold that must hold for this bullish trend to persist.

As such, a positive outlook remains in place for this stock unless the price drops back below the £3.08 low.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.