-$0.09 EPS Expected for ChannelAdvisor Corporation (ECOM) This Quarter
Equities research analysts forecast that ChannelAdvisor Corporation (NYSE:ECOM) will report earnings of ($0.09) per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for ChannelAdvisor Corporation’s earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.11). ChannelAdvisor Corporation posted earnings of ($0.10) per share during the same quarter last year, which suggests a positive year over year growth rate of 10%. The company is expected to report its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that ChannelAdvisor Corporation will report full-year earnings of ($0.52) per share for the current fiscal year, with EPS estimates ranging from ($0.58) to ($0.47). For the next financial year, analysts expect that the business will report earnings of ($0.35) per share, with EPS estimates ranging from ($0.44) to ($0.30). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ChannelAdvisor Corporation.
ChannelAdvisor Corporation (NYSE:ECOM) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.05. The company had revenue of $30 million for the quarter, compared to the consensus estimate of $28.65 million. ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.11) EPS.
ECOM has been the topic of a number of recent research reports. ValuEngine lowered ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research raised ChannelAdvisor Corporation from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, April 11th. William Blair reaffirmed a “market perform” rating on shares of ChannelAdvisor Corporation in a research report on Thursday, May 4th. First Analysis lowered ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 9th. Finally, TheStreet lowered ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.
In other ChannelAdvisor Corporation news, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $11.09, for a total transaction of $166,350.00. Following the transaction, the insider now owns 852,896 shares of the company’s stock, valued at approximately $9,458,616.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 45,000 shares of company stock worth $509,550 in the last ninety days. Insiders own 11.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in ChannelAdvisor Corporation by 8.5% in the second quarter. Rhumbline Advisers now owns 27,908 shares of the software maker’s stock worth $322,000 after buying an additional 2,195 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in ChannelAdvisor Corporation by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 97,489 shares of the software maker’s stock worth $1,126,000 after buying an additional 646 shares during the last quarter. Spark Investment Management LLC raised its position in ChannelAdvisor Corporation by 28.4% in the second quarter. Spark Investment Management LLC now owns 200,200 shares of the software maker’s stock worth $2,312,000 after buying an additional 44,300 shares during the last quarter. Tower Research Capital LLC TRC raised its position in ChannelAdvisor Corporation by 1,117.0% in the first quarter. Tower Research Capital LLC TRC now owns 14,239 shares of the software maker’s stock worth $159,000 after buying an additional 13,069 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in ChannelAdvisor Corporation by 172.5% in the first quarter. Goldman Sachs Group Inc. now owns 33,178 shares of the software maker’s stock worth $370,000 after buying an additional 21,002 shares during the last quarter. 81.14% of the stock is currently owned by institutional investors and hedge funds.
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Shares of ChannelAdvisor Corporation (NYSE ECOM) traded down 0.40% during midday trading on Monday, reaching $10.05. The company’s stock had a trading volume of 43,960 shares. The firm’s market cap is $264.62 million. ChannelAdvisor Corporation has a 12 month low of $10.00 and a 12 month high of $15.85. The company has a 50-day moving average price of $11.28 and a 200-day moving average price of $11.65.
ChannelAdvisor Corporation Company Profile
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.
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