Wall Street brokerages expect CommerceHub Inc (NASDAQ:CHUBA) to report sales of $37.74 million for the current quarter, Zacks reports. Six analysts have provided estimates for CommerceHub’s earnings. The lowest sales estimate is $36.40 million and the highest is $39.68 million. CommerceHub posted sales of $32.88 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.8%. The business is scheduled to issue its next earnings report on Wednesday, February 21st.
On average, analysts expect that CommerceHub will report full year sales of $37.74 million for the current fiscal year, with estimates ranging from $110.80 million to $114.07 million. For the next financial year, analysts anticipate that the business will report sales of $127.48 million per share, with estimates ranging from $122.50 million to $132.95 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover CommerceHub.
CommerceHub (NASDAQ:CHUBA) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. CommerceHub had a net margin of 11.79% and a return on equity of 34.82%.
Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors acquired a new position in shares of CommerceHub in the 2nd quarter valued at $137,000. Hosking Partners LLP acquired a new position in shares of CommerceHub in the 3rd quarter valued at $217,000. Diligent Investors LLC acquired a new position in shares of CommerceHub in the 3rd quarter valued at $223,000. Citadel Advisors LLC acquired a new position in shares of CommerceHub in the 3rd quarter valued at $270,000. Finally, New York State Common Retirement Fund acquired a new position in shares of CommerceHub in the 2nd quarter valued at $256,000. Institutional investors own 29.08% of the company’s stock.
Shares of CommerceHub (NASDAQ:CHUBA) opened at $20.22 on Thursday. CommerceHub has a 1-year low of $14.60 and a 1-year high of $24.53. The firm has a market cap of $887.09 and a price-to-earnings ratio of 72.21.
WARNING: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/02/01/analysts-anticipate-commercehub-inc-chuba-will-announce-quarterly-sales-of-37-74-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CommerceHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommerceHub and related companies with MarketBeat.com's FREE daily email newsletter.