Brokerages expect Shopify Inc (NYSE:SHOP) (TSE:SHOP) to post $0.24 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Twenty Five analysts have provided estimates for Shopify’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.33. Shopify reported earnings of $0.26 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, February 12th.
On average, analysts expect that Shopify will report full-year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.27. For the next fiscal year, analysts expect that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.26 to $1.38. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Shopify.
Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.08. The firm had revenue of $390.55 million during the quarter, compared to analysts’ expectations of $384.05 million. Shopify had a negative return on equity of 3.36% and a negative net margin of 8.97%.
A number of analysts have recently weighed in on SHOP shares. Pi Financial cut Shopify to a “hold” rating in a research report on Wednesday. Loop Capital started coverage on Shopify in a research report on Wednesday, January 15th. They issued a “hold” rating and a $420.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $400.00 price objective on shares of Shopify in a research report on Monday, October 28th. Robert W. Baird raised their price objective on Shopify from to in a research report on Tuesday. Finally, Mizuho started coverage on Shopify in a research report on Thursday, January 9th. They issued a “neutral” rating and a $410.00 price objective for the company. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $364.43.
Shares of Shopify stock traded down $3.77 during trading on Friday, reaching $465.48. The company’s stock had a trading volume of 2,128,829 shares, compared to its average volume of 1,555,960. The company has a quick ratio of 11.21, a current ratio of 11.21 and a debt-to-equity ratio of 0.04. The company has a market cap of $54.12 billion, a price-to-earnings ratio of -411.93 and a beta of 1.21. Shopify has a 1-year low of $154.52 and a 1-year high of $476.79. The company has a 50-day simple moving average of $410.76 and a two-hundred day simple moving average of $353.18.
Several hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its holdings in shares of Shopify by 0.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,190 shares of the software maker’s stock valued at $1,258,000 after buying an additional 30 shares during the period. Gradient Investments LLC lifted its holdings in shares of Shopify by 32.2% in the 4th quarter. Gradient Investments LLC now owns 160 shares of the software maker’s stock valued at $64,000 after buying an additional 39 shares during the period. Truewealth LLC lifted its holdings in shares of Shopify by 16.0% in the 3rd quarter. Truewealth LLC now owns 348 shares of the software maker’s stock valued at $108,000 after buying an additional 48 shares during the period. Intersect Capital LLC lifted its holdings in shares of Shopify by 5.3% in the 3rd quarter. Intersect Capital LLC now owns 1,000 shares of the software maker’s stock valued at $312,000 after buying an additional 50 shares during the period. Finally, Nwam LLC lifted its holdings in shares of Shopify by 3.4% in the 4th quarter. Nwam LLC now owns 1,535 shares of the software maker’s stock valued at $610,000 after buying an additional 50 shares during the period. 57.29% of the stock is owned by institutional investors and hedge funds.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, 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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