Analysts Anticipate CommerceHub Inc (CHUBA) Will Announce Quarterly Sales of $37.74 Million

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%.

CHUBA has been the subject of a number of research reports. Zacks Investment Research raised shares of CommerceHub from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, November 14th. Dougherty & Co initiated coverage on shares of CommerceHub in a report on Tuesday, October 31st. They issued a “buy” rating and a $27.00 price target for the company. BidaskClub downgraded shares of CommerceHub from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. CIBC initiated coverage on shares of CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating for the company. Finally, Oppenheimer initiated coverage on shares of CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.17.

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.

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About CommerceHub

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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