Wall Street analysts expect Shopify Inc. (NYSE:SHOP – Get Rating) (TSE:SHOP) to report earnings per share of $1.33 for the current quarter, Zacks reports. Thirty-three analysts have released Shopify revenue estimates. The highest EPS estimate is $3.34 and the lowest is $0.21. Shopify reported earnings of $2.01 per share in the same quarter last year, which would suggest a negative 33.8% year-over-year growth rate. The company is expected to announce its next quarterly earnings report on Wednesday, April 27.
On average, analysts expect Shopify to report annual earnings of $6.91 per share for the current fiscal year, with EPS estimates ranging from $1.71 to $23.15. For the next fiscal year, analysts expect the company to report earnings of $9.97 per share, with EPS estimates ranging from $4.37 to $28.33. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts who follow Shopify.
Shopify (NYSE:SHOP – Get Rating) (TSE:SHOP) last released quarterly earnings data on Wednesday, February 16. The software maker reported EPS of $1.36 for the quarter, beating analyst consensus estimates of $0.61 by $0.75. The company posted revenue of $1.38 billion for the quarter, compared to analysts’ estimates of $1.34 billion. Shopify had a return on equity of 4.38% and a net margin of 63.20%. The company’s revenue increased 41.1% year over year. In the same quarter of the previous year, the company made earnings per share of $1.15.
It’s scientific breakthroughs like this that give investors like you the chance to get in early on the companies that will revolutionize the world…
And you might only get once in a lifetime opportunity to invest in something that big…
A number of research companies have commented on SHOP. Oppenheimer cut his price target on Shopify from $1,350.00 to $960.00 and set an “outperform” rating on the stock in a Wednesday, Feb. 16 research note. Barclays lowered its target price on Shopify from $1,800.00 to $1,200.00 and set an “equal weight” rating for the company in a Tuesday, February 1 research report. Canaccord Genuity Group lowered its target price on Shopify from $1,450.00 to $800.00 and set a “holding” rating for the company in a research report on Thursday, February 17. Citigroup lowered its target price on Shopify from $978.00 to $882.00 and set a “neutral” rating for the company in a Thursday, Feb. 17 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its target price on Shopify from $1,400.00 to $900.00 and set a “holding” rating for the company in a Thursday, February 17 research report. One research analyst rated the security with a sell rating, seventeen issued a hold rating and nineteen gave the security a buy rating. According to data from MarketBeat, Shopify has a consensus rating of “Hold” and an average price target of $1,145.45.
Several hedge funds have recently bought and sold shares of the company. Voya Financial Advisors Inc. increased its position in Shopify shares by 0.9% during the third quarter. Voya Financial Advisors Inc. now owns 652 shares of the software maker worth $878,000 after buying 6 more shares during the period. Stonebridge Capital Advisors LLC increased its position in Shopify shares by 35.3% during the third quarter. Stonebridge Capital Advisors LLC now owns 23 shares of the software maker worth $31,000 after buying 6 additional shares during the period. Farmers Trust Co. increased its position in Shopify shares by 1.0% during the third quarter. Farmers Trust Co. now owns 707 shares of the software maker worth $955,000 after buying 7 additional shares during the period. Souders Financial Advisors increased its position in Shopify by 1.0% during the third quarter. Souders Financial Advisors now owns 696 shares of the software maker valued at $944,000 after buying 7 additional shares in the last quarter. Finally, Barr ES & Co. increased its position in Shopify by 3.8% during the third quarter. Barr ES & Co. now owns 192 shares of the software maker valued at $260,000 after buying 7 additional shares in the last quarter. 60.37% of the shares are held by institutional investors.
Shopify stock traded at $12.05 on Monday, hitting $689.00. The company’s shares had a trading volume of 92,129 shares, compared to its average volume of 2,850,957. The company has a debt ratio of 0.10, a quick ratio of 12.15 and a current ratio of 12.15. The company has a market capitalization of $86.54 billion, a price-earnings ratio of 30.03, a PEG ratio of 5.68 and a beta of 1.56. The company’s fifty-day moving average price is $1,020.88 and its 200-day moving average price is $1,318.11. Shopify has a 12-month low of $585.03 and a 12-month high of $1,762.92.
About Shopify (Get an evaluation)
Shopify, Inc operates a cloud-based commerce platform designed for small and medium businesses. Its software is used by merchants to manage 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 gives merchants a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analyzes and reports.
Featured articles
Get a Free Copy of Zacks Research Report on Shopify (SHOP)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Shopify right now?
Before you consider Shopify, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and Shopify wasn’t on the list.
While Shopify currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here
