Shopify Inc (SHOP) Expected to Announce Earnings of -$0.02 Per Share

Equities analysts predict that Shopify Inc (NYSE:SHOP) (TSE:SHOP) will announce ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Shopify’s earnings, with estimates ranging from ($0.07) to $0.00. Shopify posted earnings of ($0.01) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, July 31st.

According to Zacks, analysts expect that Shopify will report full-year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.24. For the next year, analysts expect that the business will post earnings of $0.56 per share, with EPS estimates ranging from $0.28 to $0.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Shopify.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.27. Shopify had a negative net margin of 5.56% and a negative return on equity of 3.67%. The firm had revenue of $214.30 million during the quarter, compared to analysts’ expectations of $202.35 million. During the same period in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 68.2% on a year-over-year basis.

SHOP has been the topic of several recent analyst reports. National Bank Financial upped their target price on shares of Shopify from $160.00 to $180.00 and gave the stock a “$173.26” rating in a research report on Monday, July 23rd. Canaccord Genuity upped their target price on shares of Shopify from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. Roth Capital upped their target price on shares of Shopify from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Mackie set a $170.00 target price on shares of Shopify and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Finally, ValuEngine upgraded shares of Shopify from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Shopify currently has a consensus rating of “Buy” and an average target price of $154.71.

Shopify traded down $10.14, hitting $160.15, on Monday, according to MarketBeat Ratings. 2,105,759 shares of the company were exchanged, compared to its average volume of 1,678,802. The company has a current ratio of 14.88, a quick ratio of 14.88 and a debt-to-equity ratio of 0.01. Shopify has a fifty-two week low of $88.21 and a fifty-two week high of $176.60. The firm has a market capitalization of $18.36 billion, a P/E ratio of -381.31 and a beta of 1.31.

Several hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in shares of Shopify by 18.9% in the second quarter. Fisher Asset Management LLC now owns 2,496 shares of the software maker’s stock valued at $364,000 after purchasing an additional 396 shares during the last quarter. Fusion Family Wealth LLC grew its position in shares of Shopify by 109.2% in the first quarter. Fusion Family Wealth LLC now owns 822 shares of the software maker’s stock valued at $102,000 after purchasing an additional 429 shares during the last quarter. Roundview Capital LLC grew its position in shares of Shopify by 11.0% in the first quarter. Roundview Capital LLC now owns 5,765 shares of the software maker’s stock valued at $718,000 after purchasing an additional 570 shares during the last quarter. QS Investors LLC grew its position in shares of Shopify by 25.9% in the fourth quarter. QS Investors LLC now owns 3,039 shares of the software maker’s stock valued at $307,000 after purchasing an additional 625 shares during the last quarter. Finally, Financial Advocates Investment Management grew its position in shares of Shopify by 37.8% in the first quarter. Financial Advocates Investment Management now owns 2,763 shares of the software maker’s stock valued at $344,000 after purchasing an additional 758 shares during the last quarter. Institutional investors and hedge funds own 57.20% of the company’s stock.

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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Earnings History and Estimates for Shopify (NYSE:SHOP)

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