Analysts predict that Shopify Inc. (NYSE: SHOP) (TSE: SHOP) will report sales of $ 1.35 billion for the current quarter, according to Zacks. Thirty-three analysts have made estimates for Shopify’s revenue. The lowest sales estimate is $ 1.20 billion and the highest is $ 1.44 billion. Shopify recorded sales of $ 977.74 million in the same quarter of last year, which would indicate a positive year-over-year growth rate of 38.1%. The company is expected to release its next quarterly results on Wednesday, February 16.
According to Zacks, analysts expect Shopify to report annual sales of $ 4.59 billion for the current fiscal year, with estimates ranging from $ 4.43 billion to $ 4.76 billion. For the next fiscal year, analysts predict the company will post revenue of $ 6.13 billion, with estimates ranging from $ 5.62 billion to $ 7.09 billion. Zacks sales averages are an average based on a survey of research companies that cover Shopify.
Shopify (NYSE: SHOP) (TSE: SHOP) last released its quarterly results on Thursday, October 28. The software maker reported EPS of $ 0.81 for the quarter, beating the consensus estimate of $ 0.47 by $ 0.34. The company posted revenue of $ 1.12 billion for the quarter, compared to analysts’ estimates of $ 1.15 billion. Shopify had a return on equity of 5.63% and a net margin of 81.00%. The company’s turnover increased by 46.4% compared to the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.52.
SHOP has been the subject of several research analyst reports. Susquehanna reduced her price target on Shopify from $ 1,800.00 to $ 1,700.00 and rated the stock “positive” in a research report published on Friday, October 29. Jefferies Financial Group reissued a “buy†note and issued a target price of $ 1,800.00 on Shopify shares in a report released on Monday, November 29. Stifel Nicolaus lowered his Shopify price target from $ 1,650.00 to $ 1,550.00 and set a “buy†rating on the stock in a report released on Thursday, October 28. Evercore ISI reissued a “hold†rating on Shopify shares in a report released on Sunday, October 31. Finally, Mizuho lowered his target price on Shopify from $ 1,500.00 to $ 1,400.00 and set a “neutral” rating on the stock in a Friday October 29th report. Fifteen equity research analysts rated the stock with a conservation rating and seventeen gave the company’s stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $ 1,639.41.
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SHOP opened at $ 1,461.58 on Friday. The company has a market cap of $ 182.35 billion, a price-to-earnings ratio of 54.48, a price-to-earnings-growth ratio of 12.06 and a beta of 1.46. Shopify has a 52-week low of $ 1,005.14 and a 52-week high of $ 1,762.92. The company’s 50-day moving average is $ 1,492.08 and its two-hundred-day moving average is $ 1,464.65. The company has a rapid ratio of 13.97, a current ratio of 13.97 and a debt ratio of 0.10.
Several large investors have recently changed their holdings in the company. D Orazio & Associates Inc. increased its stake in Shopify by 533.3% in the third quarter. D Orazio & Associates Inc. now owns 19 shares of the software maker valued at $ 26,000 after purchasing an additional 16 shares in the last quarter. Castleview Partners LLC acquired a new position in Shopify in the second quarter valued at $ 29,000. Stonebridge Capital Advisors LLC increased its stake in Shopify by 35.3% in the third quarter. Stonebridge Capital Advisors LLC now owns 23 shares of the software maker valued at $ 31,000 after buying 6 more shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in Shopify in the second quarter valued at $ 35,000. Finally, Atlas Private Wealth Advisors acquired a new position in Shopify in the second quarter valued at $ 37,000. Institutional investors and hedge funds hold 59.83% of the company’s shares.
Shopify Company Profile
Shopify, Inc operates a cloud-based commerce platform designed for small and medium businesses. Its software is used by merchants to run their business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and physical and pop-up stores. The company’s platform provides merchants with a single view of the business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage party analyzes and reports.
See also: Cost of equity and a company’s balance sheet
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