CommerceHub, Inc. (CHUBA) Expected to Post Earnings of $0.08 Per Share
Wall Street brokerages expect that CommerceHub, Inc. (NASDAQ:CHUBA) will post $0.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for CommerceHub’s earnings. CommerceHub posted earnings of $0.04 per share in the same quarter last year, which would suggest a positive year over year growth rate of 100%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that CommerceHub will report full year earnings of $0.48 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.50. For the next financial year, analysts forecast that the business will report earnings of $0.61 per share, with EPS estimates ranging from $0.54 to $0.71. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover CommerceHub.
CommerceHub (NASDAQ:CHUBA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The business had revenue of $25.21 million during the quarter, compared to the consensus estimate of $25.76 million. CommerceHub had a return on equity of 36.84% and a net margin of 10.81%.
A number of analysts have recently issued reports on CHUBA shares. Dougherty & Co started coverage on CommerceHub in a research report on Tuesday. They issued a “buy” rating and a $27.00 price objective for the company. DA Davidson started coverage on CommerceHub in a research report on Friday, September 22nd. They issued a “buy” rating and a $27.00 price objective for the company. Zacks Investment Research raised CommerceHub from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, August 7th. Wedbush reiterated an “outperform” rating and set a $26.00 target price (up previously from $22.00) on shares of CommerceHub in a research note on Monday, October 2nd. Finally, First Analysis started coverage on CommerceHub in a research note on Friday, August 25th. They set an “overweight” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.40.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC bought a new position in CommerceHub during the 2nd quarter worth $28,465,000. Vaughan Nelson Investment Management L.P. bought a new position in CommerceHub during the 2nd quarter worth $18,142,000. Vanguard Group Inc. bought a new position in CommerceHub during the 2nd quarter worth $18,087,000. Pembroke Management LTD bought a new position in CommerceHub during the 2nd quarter worth $15,480,000. Finally, Employees Retirement System of Texas bought a new position in CommerceHub during the 2nd quarter worth $7,090,000. Institutional investors own 25.57% of the company’s stock.
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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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