Shopify Inc. (SHOP) Set to Announce Quarterly Earnings on Tuesday
Shopify Inc. (NYSE:SHOP) (TSE:SH) is scheduled to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Shopify (NYSE:SHOP) (TSE:SH) last released its quarterly earnings data on Tuesday, August 1st. The software maker reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. The business had revenue of $151.70 million during the quarter, compared to analyst estimates of $143.94 million. Shopify had a negative return on equity of 8.26% and a negative net margin of 8.96%. The company’s revenue was up 75.2% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. On average, analysts expect Shopify to post $-0.6 EPS for the current fiscal year and $-0.46 EPS for the next fiscal year.
Shares of Shopify Inc. (NYSE:SHOP) opened at 102.91 on Tuesday. Shopify Inc. has a 1-year low of $37.74 and a 1-year high of $123.94. The stock’s 50 day moving average price is $109.28 and its 200 day moving average price is $109.28. The company’s market capitalization is $10.14 billion.
SHOP has been the subject of a number of recent analyst reports. SunTrust Banks, Inc. initiated coverage on shares of Shopify in a research report on Monday, June 26th. They issued a “hold” rating and a $90.00 price objective for the company. BidaskClub upgraded shares of Shopify from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Vetr upgraded shares of Shopify from a “buy” rating to a “strong-buy” rating and set a $101.99 price objective for the company in a research report on Wednesday, June 28th. Robert W. Baird restated an “outperform” rating on shares of Shopify in a research report on Monday, July 3rd. Finally, Benchmark Co. initiated coverage on shares of Shopify in a research report on Wednesday, July 12th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $97.09.
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Shopify Company Profile
Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.
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