Wall Street analysts expect Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) to announce earnings per share of ($0.02) for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Shopify Inc (US)’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.07). Shopify Inc (US) posted earnings per share of ($0.04) during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 1st.
On average, analysts expect that Shopify Inc (US) will report full-year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.02 to $0.49. For the next financial year, analysts anticipate that the company will report earnings of $0.74 per share, with EPS estimates ranging from $0.50 to $1.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Shopify Inc (US).
Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) last released its earnings results on Thursday, February 15th. The software maker reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.09. The company had revenue of $222.80 million for the quarter, compared to analysts’ expectations of $209.70 million. Shopify Inc (US) had a negative return on equity of 4.74% and a negative net margin of 5.94%. The firm’s revenue was up 70.9% compared to the same quarter last year.
SHOP has been the topic of several analyst reports. William Blair reiterated a “market perform” rating on shares of Shopify Inc (US) in a research report on Thursday, February 15th. Zacks Investment Research lowered Shopify Inc (US) from a “hold” rating to a “sell” rating in a report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $155.00 target price (up previously from $115.00) on shares of Shopify Inc (US) in a research note on Friday, February 16th. Barclays reaffirmed a “neutral” rating on shares of Shopify Inc (US) in a research note on Sunday, November 5th. Finally, Piper Jaffray Companies upped their target price on Shopify Inc (US) from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $119.91.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balentine LLC purchased a new stake in shares of Shopify Inc (US) in the fourth quarter worth $101,000. Advisory Services Network LLC grew its stake in shares of Shopify Inc (US) by 26.6% in the second quarter. Advisory Services Network LLC now owns 1,420 shares of the software maker’s stock worth $123,000 after acquiring an additional 298 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Shopify Inc (US) in the fourth quarter worth $152,000. US Bancorp DE grew its stake in shares of Shopify Inc (US) by 63.8% in the fourth quarter. US Bancorp DE now owns 1,889 shares of the software maker’s stock worth $191,000 after acquiring an additional 736 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in shares of Shopify Inc (US) during the third quarter valued at $233,000. 60.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Shopify Inc (SHOP) traded down $7.03 during trading on Friday, reaching $135.75. The company had a trading volume of 3,981,527 shares, compared to its average volume of 1,764,660. Shopify Inc has a fifty-two week low of $58.63 and a fifty-two week high of $146.12. The company has a market cap of $12,005.16, a PE ratio of -323.47 and a beta of 1.30. The company has a quick ratio of 10.83, a current ratio of 10.82 and a debt-to-equity ratio of 0.01.
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Shopify Inc (US) Company Profile
Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.
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