Wall Street brokerages expect that Shopify Inc (NYSE:SHOP) (TSE:SHOP) will post earnings per share of $0.20 for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Shopify’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.10. Shopify reported earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is expected to issue its next quarterly earnings results 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 year, analysts forecast that the company will report earnings of $0.67 per share, with EPS estimates ranging from $0.30 to $0.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Shopify.
Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.34. Shopify had a negative net margin of 6.93% and a negative return on equity of 4.26%. The business had revenue of $270.06 million for the quarter, compared to analysts’ expectations of $257.17 million.
A number of brokerages recently weighed in on SHOP. Jefferies Financial Group began coverage on shares of Shopify in a research note on Monday, October 1st. They set a “hold” rating and a $175.00 price objective on the stock. Macquarie set a $185.00 price objective on shares of Shopify and gave the company a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research restated a “buy” rating and set a $145.00 price objective on shares of Shopify in a research note on Thursday, November 15th. Royal Bank of Canada lifted 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, Rosenblatt Securities set a $190.00 target price on Shopify and gave the stock a “buy” rating in a report on Friday, October 26th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Shopify currently has an average rating of “Buy” and a consensus price target of $164.90.
Shares of NYSE SHOP traded down $10.02 during midday trading on Monday, reaching $146.88. 1,636,590 shares of the company traded hands, compared to its average volume of 1,317,552. Shopify has a 52 week low of $99.87 and a 52 week high of $176.60. The company has a quick ratio of 11.82, a current ratio of 11.82 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.78 billion, a P/E ratio of -349.71 and a beta of 1.42.
A number of large investors have recently added to or reduced their stakes in SHOP. Resources Investment Advisors Inc. increased its stake in Shopify by 10,257.1% in the 2nd quarter. Resources Investment Advisors Inc. now owns 725 shares of the software maker’s stock worth $106,000 after purchasing an additional 718 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in Shopify by 92.5% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 770 shares of the software maker’s stock worth $126,000 after purchasing an additional 370 shares in the last quarter. Bollard Group LLC purchased a new position in Shopify in the 3rd quarter worth about $164,000. Shine Investment Advisory Services Inc. purchased a new position in Shopify in the 2nd quarter worth about $159,000. Finally, Captrust Financial Advisors increased its stake in Shopify by 643.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,115 shares of the software maker’s stock worth $163,000 after purchasing an additional 965 shares in the last quarter. 62.64% of the stock is currently owned by hedge funds and other institutional investors.
Shopify Company Profile
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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