ChannelAdvisor Corp (ECOM) Expected to Post Earnings of $0.06 Per Share

Brokerages expect that ChannelAdvisor Corp (NYSE:ECOM) will report $0.06 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for ChannelAdvisor’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.11. ChannelAdvisor reported earnings per share of $0.32 during the same quarter last year, which would indicate a negative year-over-year growth rate of 81.3%. The firm is expected to issue its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that ChannelAdvisor will report full-year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.12) to ($0.06). For the next fiscal year, analysts forecast that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.11) to $0.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The company had revenue of $30.10 million during the quarter, compared to the consensus estimate of $30.08 million. ChannelAdvisor had a negative return on equity of 9.48% and a negative net margin of 8.54%. ChannelAdvisor’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted ($0.12) earnings per share.

ECOM has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 price target on shares of ChannelAdvisor in a research report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of ChannelAdvisor in a research report on Wednesday, November 1st. BidaskClub raised ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. DA Davidson assumed coverage on ChannelAdvisor in a research report on Friday, September 22nd. They issued a “neutral” rating and a $12.50 target price for the company. Finally, Dougherty & Co assumed coverage on ChannelAdvisor in a research report on Tuesday, December 19th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. ChannelAdvisor presently has an average rating of “Hold” and a consensus target price of $14.13.

In other news, Director Joseph L. Cowan bought 16,870 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of $8.48 per share, with a total value of $143,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph L. Cowan purchased 3,130 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $8.58 per share, with a total value of $26,855.40. Following the completion of the acquisition, the director now directly owns 22,803 shares of the company’s stock, valued at $195,649.74. The disclosure for this purchase can be found here. Insiders acquired 30,000 shares of company stock valued at $257,913 over the last three months. Company insiders own 11.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of ChannelAdvisor in the second quarter worth $26,368,000. Vanguard Group Inc. boosted its holdings in shares of ChannelAdvisor by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,055,788 shares of the software maker’s stock worth $12,194,000 after acquiring an additional 57,863 shares during the period. Archon Capital Management LLC boosted its holdings in shares of ChannelAdvisor by 42.7% in the third quarter. Archon Capital Management LLC now owns 839,874 shares of the software maker’s stock worth $9,659,000 after acquiring an additional 251,364 shares during the period. Emerald Advisers Inc. PA boosted its holdings in shares of ChannelAdvisor by 10.0% in the third quarter. Emerald Advisers Inc. PA now owns 726,017 shares of the software maker’s stock worth $8,349,000 after acquiring an additional 66,082 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in shares of ChannelAdvisor by 10.2% in the third quarter. Disciplined Growth Investors Inc. MN now owns 705,555 shares of the software maker’s stock worth $8,114,000 after acquiring an additional 65,573 shares during the period. 81.72% of the stock is owned by hedge funds and other institutional investors.

Shares of ChannelAdvisor (NYSE ECOM) opened at $9.10 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $244.44, a P/E ratio of -22.75 and a beta of 0.10. ChannelAdvisor has a 52-week low of $8.30 and a 52-week high of $15.00.

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About ChannelAdvisor

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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