Brokerages predict that Shopify Inc (NYSE:SHOP) (TSE:SHOP) will post earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Shopify’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.10. Shopify posted earnings per share of $0.15 during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is expected to issue its next earnings report on Thursday, February 21st.
On average, analysts expect that Shopify will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.20 to $0.40. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.67 per share, with EPS estimates ranging from $0.30 to $0.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Shopify.
Shopify (NYSE:SHOP) (TSE:SHOP) last released its earnings results on Thursday, October 25th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.34. Shopify had a negative return on equity of 4.26% and a negative net margin of 6.93%. The business had revenue of $270.06 million for the quarter, compared to analyst estimates of $257.17 million.
SHOP has been the topic of several analyst reports. Rosenblatt Securities initiated coverage on Shopify in a report on Tuesday, September 4th. They set a “buy” rating and a $188.00 target price on the stock. Wedbush initiated coverage on Shopify in a report on Thursday, September 13th. They set an “outperform” rating and a $177.00 target price on the stock. Guggenheim initiated coverage on Shopify in a report on Tuesday, August 7th. They set a “buy” rating and a $180.00 target price on the stock. Royal Bank of Canada upped their target price on Shopify from $157.00 to $159.00 and gave the stock a “sector perform” rating in a report on Saturday, October 27th. Finally, Zacks Investment Research reiterated a “buy” rating and set a $145.00 target price on shares of Shopify in a report on Thursday, November 15th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $164.90.
Large investors have recently added to or reduced their stakes in the business. Global X Management Co LLC bought a new stake in Shopify in the second quarter valued at approximately $483,000. Prio Wealth Limited Partnership acquired a new position in shares of Shopify in the second quarter valued at approximately $218,000. Toronto Dominion Bank grew its position in shares of Shopify by 100.7% in the second quarter. Toronto Dominion Bank now owns 105,888 shares of the software maker’s stock valued at $15,180,000 after purchasing an additional 53,119 shares during the last quarter. Intl Fcstone Inc. grew its position in shares of Shopify by 22.5% in the third quarter. Intl Fcstone Inc. now owns 2,591 shares of the software maker’s stock valued at $426,000 after purchasing an additional 476 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC acquired a new position in shares of Shopify in the third quarter valued at approximately $4,513,000. Hedge funds and other institutional investors own 68.50% of the company’s stock.
SHOP opened at $152.66 on Monday. Shopify has a 52-week low of $92.41 and a 52-week high of $176.60. The stock has a market cap of $16.33 billion, a P/E ratio of -363.48 and a beta of 1.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.82 and a current ratio of 11.82.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.
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