Brokerages predict that Shopify Inc. (NYSE: SHOP) (TSE: SHOP) will report earnings of $ 0.82 per share for the current fiscal quarter, according to Zacks. Thirty-two analysts have made estimates for Shopify’s revenue, with estimates ranging from $ 0.20 to $ 1.60. Shopify reported earnings of $ 1.13 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 27.4%. The company is expected to release its next results on Thursday, November 4.
On average, analysts expect Shopify to report an annual profit of $ 4.95 per share for the current year, with EPS estimates ranging from $ 3.19 to $ 7.80. For next year, analysts predict the company will report earnings of $ 5.55 per share, with EPS estimates ranging from $ 1.98 to $ 8.34. Zacks EPS calculations are an average based on a survey of analysts who cover Shopify.
Shopify (NYSE: SHOP) (TSE: SHOP) last released its quarterly profit data on Wednesday, July 28. The software maker reported earnings per share of $ 2.24 for the quarter, beating the consensus estimate of $ 0.23 of $ 2.01. The company posted revenue of $ 1.12 billion in the quarter, compared to analysts’ estimates of $ 1.04 billion. Shopify had a return on equity of 7.15% and a net margin of 63.65%.
SHOP has been the subject of several recent research reports. Wolfe Research raised its price target on Shopify from $ 1,500.00 to $ 1,980.00 and rated the stock as “outperforming” in a report released Thursday, July 29. Canaccord Genuity raised its price target on Shopify from $ 1,350.00 to $ 1,450.00 and gave the stock a “hold” rating in a report released Thursday, July 29. Mizuho raised his Shopify price target from $ 1,300.00 to $ 1,500.00 and rated the stock “neutral” in a report released Thursday, July 29. They noted that the move was an appraisal call. Zacks Investment Research downgraded Shopify from a “hold” rating to a “strong buy” rating and set a price target of $ 1,514.00 for the company in a report released on Friday, July 16. Finally, DA Davidson raised its price target on Shopify from $ 1,275.00 to $ 1,450.00 and rated the stock “neutral” in a report released Thursday, July 29. Eleven analysts assigned a conservation rating to the stock, nineteen assigned a buy rating and one assigned a high buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $ 1,635.53.
Several large investors have recently bought and sold shares of SHOP. First Trust Advisors LP increased its stake in Shopify shares by 15.6% in the first quarter. First Trust Advisors LP now owns 3,499 shares of the software maker valued at $ 723,000 after acquiring an additional 472 shares in the last quarter. Assenagon Asset Management SA purchased a new position in Shopify in Q1 worth approximately $ 218,000. WASHINGTON TRUST Co purchased a new position in Shopify in Q1 valued at approximately $ 44,000. US Bancorp DE increased its position in Shopify by 2.9% in Q1. US Bancorp DE now owns 14,695 shares of the software maker valued at $ 16,260,000 after purchasing an additional 413 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in Shopify by 1.5% in the 1st quarter. Financial Counselors Inc. now owns 2,825 shares of the software maker valued at $ 3,126,000 after purchasing 42 additional shares in the last quarter. Institutional investors hold 55.09% of the shares of the company.
SHOP opened at $ 1,554.25 on Friday. The company has a market cap of $ 193.91 billion, a PE ratio of 80.24, a P / E / G ratio of 40.02 and a beta of 1.44. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt ratio of 0.10. The company has a fifty-day simple moving average of $ 1,513.21 and a 200-day simple moving average of $ 1,316.86. Shopify has a fifty-two week low of $ 839.40 and a fifty-two week high of $ 1,650.00.
Shopify Inc, a trading company, provides a trading platform and services in Canada, USA, UK, Australia, Latin America and overseas. The company’s platform allows merchants to run their business across various sales channels, including web and mobile storefronts, physical point-of-sale, pop-up stores, social media storefronts, native mobile apps, buttons purchasing and markets; and helps manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analyzes and reports; and access funding.
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