Equities analysts expect that ChannelAdvisor Co. (NYSE:ECOM) will announce earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for ChannelAdvisor’s earnings. ChannelAdvisor posted earnings of $0.20 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The firm is scheduled to announce its next earnings results on Thursday, November 4th.
On average, analysts expect that ChannelAdvisor will report full-year earnings of $0.86 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.88 to $0.92. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings data on Thursday, August 5th. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.17. The business had revenue of $41.54 million during the quarter, compared to analyst estimates of $40.04 million. ChannelAdvisor had a net margin of 12.70% and a return on equity of 13.92%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS.
NYSE:ECOM traded up $0.07 on Wednesday, reaching $26.85. 1,804 shares of the stock traded hands, compared to its average volume of 234,570. The firm has a market capitalization of $801.02 million, a price-to-earnings ratio of 41.20 and a beta of 0.82. The company’s 50 day moving average is $24.22 and its 200-day moving average is $23.96. ChannelAdvisor has a 1-year low of $12.94 and a 1-year high of $28.94.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in ChannelAdvisor by 13.5% during the 2nd quarter. Royal Bank of Canada now owns 4,361 shares of the software maker’s stock valued at $107,000 after buying an additional 520 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of ChannelAdvisor by 1.0% during the first quarter. Panagora Asset Management Inc. now owns 59,631 shares of the software maker’s stock worth $1,404,000 after purchasing an additional 568 shares in the last quarter. Citigroup Inc. grew its holdings in shares of ChannelAdvisor by 30.8% during the second quarter. Citigroup Inc. now owns 2,785 shares of the software maker’s stock worth $68,000 after purchasing an additional 655 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in ChannelAdvisor by 2.0% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 45,800 shares of the software maker’s stock worth $1,123,000 after buying an additional 900 shares during the last quarter. Finally, Swiss National Bank lifted its position in ChannelAdvisor by 1.6% in the 2nd quarter. Swiss National Bank now owns 64,000 shares of the software maker’s stock worth $1,569,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.
ChannelAdvisor Corp. provides software as a service solution. It enables the retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. Its customers utilize platform to connect with new and existing sources of demand for their products through channels such as Amazon, eBay, Facebook, Google and Walmart.
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