Wall Street brokerages expect that Shopify Inc (NYSE:SHOP) (TSE:SHOP) will report earnings per share (EPS) of $0.25 for the current fiscal quarter, according to Zacks Investment Research. Twenty Three analysts have provided estimates for Shopify’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.35. Shopify reported earnings per share of $0.26 in the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The company is expected to announce its next earnings results on Tuesday, February 11th.
According to Zacks, analysts expect that Shopify will report full-year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.63. For the next fiscal year, analysts expect that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.26 to $1.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Shopify.
Shopify (NYSE:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, October 29th. The software maker reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08. Shopify had a negative return on equity of 3.36% and a negative net margin of 8.97%. The business had revenue of $390.55 million during the quarter, compared to the consensus estimate of $384.05 million.
SHOP has been the subject of a number of research analyst reports. KeyCorp lifted their price target on Shopify from $350.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Guggenheim reiterated a “hold” rating on shares of Shopify in a research report on Friday, October 25th. Raymond James lifted their price target on Shopify from $270.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. CIBC set a $350.00 price target on Shopify and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, ValuEngine downgraded Shopify from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $341.30.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHOP. Thoroughbred Financial Services LLC boosted its position in shares of Shopify by 29,316.3% during the second quarter. Thoroughbred Financial Services LLC now owns 1,533,766 shares of the software maker’s stock valued at $153,377,000 after purchasing an additional 1,528,552 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Shopify by 8.4% during the second quarter. Baillie Gifford & Co. now owns 6,418,913 shares of the software maker’s stock valued at $1,926,637,000 after purchasing an additional 498,874 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Shopify by 2,201.6% during the second quarter. Bessemer Group Inc. now owns 221,412 shares of the software maker’s stock valued at $66,457,000 after purchasing an additional 211,792 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Shopify by 698.2% during the second quarter. Bank of America Corp DE now owns 139,386 shares of the software maker’s stock valued at $41,836,000 after purchasing an additional 162,687 shares in the last quarter. Finally, National Pension Service bought a new stake in shares of Shopify during the second quarter valued at approximately $55,542,000. Institutional investors own 58.30% of the company’s stock.
Shares of SHOP traded down $0.07 during trading hours on Monday, reaching $312.38. 1,018,938 shares of the company’s stock traded hands, compared to its average volume of 2,409,136. The stock has a market cap of $35.56 billion, a PE ratio of -512.10 and a beta of 1.18. The company has a current ratio of 11.21, a quick ratio of 11.21 and a debt-to-equity ratio of 0.04. The firm’s 50 day simple moving average is $314.87 and its 200-day simple moving average is $316.81. Shopify has a 12 month low of $117.64 and a 12 month high of $409.61.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, 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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