Wall Street analysts expect that ChannelAdvisor Co. (NYSE:ECOM) will report sales of $41.49 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for ChannelAdvisor’s earnings, with estimates ranging from $41.38 million to $41.60 million. ChannelAdvisor posted sales of $35.29 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 4th.
According to Zacks, analysts expect that ChannelAdvisor will report full-year sales of $165.66 million for the current fiscal year, with estimates ranging from $165.10 million to $166.23 million. For the next fiscal year, analysts expect that the company will report sales of $180.54 million, with estimates ranging from $178.30 million to $182.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings data on Thursday, August 5th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.17. The firm had revenue of $41.54 million for the quarter, compared to the consensus estimate of $40.04 million. ChannelAdvisor had a net margin of 12.70% and a return on equity of 13.92%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share.
ChannelAdvisor stock traded up $0.07 during trading hours on Friday, reaching $26.85. 1,804 shares of the stock were exchanged, compared to its average volume of 234,570. The company has a market cap of $801.02 million, a P/E ratio of 41.20 and a beta of 0.82. ChannelAdvisor has a twelve month low of $12.94 and a twelve month high of $28.94. The stock has a 50 day moving average of $24.22 and a two-hundred day moving average of $23.96.
Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in ChannelAdvisor in the 1st quarter valued at approximately $44,000. Point72 Hong Kong Ltd increased its position in ChannelAdvisor by 244.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,413 shares of the software maker’s stock valued at $57,000 after purchasing an additional 1,712 shares during the period. Lazard Asset Management LLC acquired a new stake in ChannelAdvisor during the 1st quarter valued at approximately $63,000. Citigroup Inc. increased its position in ChannelAdvisor by 30.8% during the 2nd quarter. Citigroup Inc. now owns 2,785 shares of the software maker’s stock valued at $68,000 after purchasing an additional 655 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in ChannelAdvisor by 604.7% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,840 shares of the software maker’s stock valued at $70,000 after purchasing an additional 2,437 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.
ChannelAdvisor Corp. provides software as a service solution. It enables the retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. Its customers utilize platform to connect with new and existing sources of demand for their products through channels such as Amazon, eBay, Facebook, Google and Walmart.
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