Wall Street brokerages expect that CommerceHub, Inc. (NASDAQ:CHUBA) will post $25.76 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for CommerceHub’s earnings. The lowest sales estimate is $25.61 million and the highest is $25.90 million. CommerceHub posted sales of $23.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.5%. The company is expected to issue its next earnings report on Monday, August 28th.

According to Zacks, analysts expect that CommerceHub will report full-year sales of $25.76 million for the current fiscal year, with estimates ranging from $114.00 million to $115.24 million. For the next year, analysts anticipate that the company will post sales of $131.89 million per share, with estimates ranging from $131.00 million to $132.79 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover CommerceHub.

CommerceHub (NASDAQ:CHUBA) last posted its quarterly earnings data on Monday, May 8th. The technology company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. CommerceHub had a net margin of 13.15% and a return on equity of 53.74%. The company had revenue of $24.57 million during the quarter, compared to analyst estimates of $24.63 million.

Several research firms have recently issued reports on CHUBA. Zacks Investment Research upgraded CommerceHub from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday, July 3rd. Wedbush reiterated an “outperform” rating and issued a $22.00 price objective on shares of CommerceHub in a research report on Friday, March 24th.

Shares of CommerceHub (NASDAQ:CHUBA) opened at 17.19 on Friday. The firm’s 50-day moving average is $17.07 and its 200-day moving average is $15.89. The stock has a market capitalization of $741.70 million and a price-to-earnings ratio of 54.57. CommerceHub has a 1-year low of $11.91 and a 1-year high of $18.48.

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About CommerceHub

CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.

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Earnings History and Estimates for CommerceHub (NASDAQ:CHUBA)

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