Wall Street brokerages expect Shopify Inc (NYSE:SHOP) (TSE:SHOP) to report $0.20 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Shopify’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.29. Shopify posted earnings of $0.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Shopify will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.20 to $0.40. For the next year, analysts anticipate that the business will report earnings of $0.67 per share, with EPS estimates ranging from $0.30 to $0.98. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Shopify.
Shopify (NYSE:SHOP) (TSE:SHOP) last posted its earnings results on Thursday, October 25th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.34. Shopify had a negative return on equity of 4.26% and a negative net margin of 6.93%. The business had revenue of $270.06 million during the quarter, compared to analyst estimates of $257.17 million.
A number of equities research analysts have recently issued reports on SHOP shares. Rosenblatt Securities started coverage on Shopify in a research note on Tuesday, September 4th. They issued a “buy” rating and a $188.00 target price for the company. Zacks Investment Research restated a “buy” rating and set a $145.00 price objective on shares of Shopify in a research note on Thursday, November 15th. Macquarie set a $185.00 price objective on Shopify and gave the company a “buy” rating in a research note on Friday, October 26th. Jefferies Financial Group started coverage on Shopify in a research note on Monday, October 1st. They set a “hold” rating and a $175.00 price objective for the company. Finally, Wedbush started coverage on Shopify in a research note on Thursday, September 13th. They set an “outperform” rating and a $177.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Shopify has a consensus rating of “Buy” and a consensus price target of $164.90.
Shares of SHOP stock traded up $3.91 during trading hours on Monday, reaching $154.11. The company had a trading volume of 66,902 shares, compared to its average volume of 1,377,002. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.82 and a current ratio of 11.82. Shopify has a twelve month low of $92.41 and a twelve month high of $176.60. The firm has a market cap of $16.07 billion, a P/E ratio of -364.88 and a beta of 1.42.
Several institutional investors and hedge funds have recently modified their holdings of SHOP. Resources Investment Advisors Inc. lifted its holdings in shares of Shopify by 10,257.1% in the 2nd quarter. Resources Investment Advisors Inc. now owns 725 shares of the software maker’s stock worth $106,000 after purchasing an additional 718 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of Shopify by 92.5% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 770 shares of the software maker’s stock worth $126,000 after purchasing an additional 370 shares during the last quarter. Bollard Group LLC bought a new stake in shares of Shopify in the 3rd quarter worth approximately $164,000. Shine Investment Advisory Services Inc. bought a new stake in shares of Shopify in the 2nd quarter worth approximately $159,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Shopify by 643.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,115 shares of the software maker’s stock worth $163,000 after purchasing an additional 965 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.
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