CommerceHub, Inc. (CHUBA) Expected to Announce Quarterly Sales of $25.52 Million
Brokerages expect CommerceHub, Inc. (NASDAQ:CHUBA) to post sales of $25.52 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for CommerceHub’s earnings, with the lowest sales estimate coming in at $25.10 million and the highest estimate coming in at $25.76 million. CommerceHub posted sales of $22.48 million in the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The firm is scheduled to announce its next earnings results on Monday, November 6th.
On average, analysts expect that CommerceHub will report full year sales of $25.52 million for the current financial year, with estimates ranging from $112.40 million to $115.12 million. For the next financial year, analysts anticipate that the firm will post sales of $130.39 million per share, with estimates ranging from $128.00 million to $132.86 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CommerceHub.
CommerceHub (NASDAQ:CHUBA) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.03. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%. The firm had revenue of $25.21 million for the quarter, compared to analysts’ expectations of $25.76 million.
CHUBA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of CommerceHub from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, May 11th. First Analysis initiated coverage on shares of CommerceHub in a report on Friday, August 25th. They issued an “overweight” rating and a $25.00 target price on the stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors acquired a new stake in CommerceHub in the second quarter worth $137,000. First Quadrant L P CA acquired a new stake in CommerceHub in the second quarter worth $154,000. Trexquant Investment LP acquired a new stake in CommerceHub in the second quarter worth $207,000. Sandia Holdings LLC acquired a new stake in CommerceHub in the second quarter worth $248,000. Finally, New York State Common Retirement Fund acquired a new stake in CommerceHub in the second quarter worth $256,000. Institutional investors own 81.57% of the company’s stock.
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CommerceHub (NASDAQ CHUBA) opened at 22.38 on Friday. CommerceHub has a 52-week low of $13.24 and a 52-week high of $22.63. The firm’s 50-day moving average is $20.07 and its 200 day moving average is $17.41. The stock has a market capitalization of $967.91 million and a PE ratio of 90.61.
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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