$31.70 Million in Sales Expected for ChannelAdvisor Corp (NYSE:ECOM) This Quarter

Analysts expect ChannelAdvisor Corp (NYSE:ECOM) to post $31.70 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for ChannelAdvisor’s earnings. The highest sales estimate is $31.93 million and the lowest is $31.50 million. ChannelAdvisor posted sales of $32.66 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, August 8th.

According to Zacks, analysts expect that ChannelAdvisor will report full-year sales of $132.47 million for the current financial year, with estimates ranging from $131.00 million to $133.82 million. For the next fiscal year, analysts anticipate that the business will report sales of $141.29 million, with estimates ranging from $137.60 million to $146.34 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings data on Thursday, May 9th. The software maker reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.17. The business had revenue of $31.57 million for the quarter, compared to the consensus estimate of $31.79 million. ChannelAdvisor had a negative return on equity of 7.02% and a negative net margin of 5.16%. ChannelAdvisor’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded ChannelAdvisor from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Needham & Company LLC restated a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of ChannelAdvisor in a research report on Friday, May 10th. First Analysis downgraded ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 target price on the stock. in a research report on Friday, May 10th. Finally, ValuEngine upgraded ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $15.76.

Shares of NYSE:ECOM traded down $0.17 during trading on Friday, hitting $8.99. 48,102 shares of the company were exchanged, compared to its average volume of 100,598. The firm has a market cap of $258.22 million, a P/E ratio of -34.58 and a beta of 0.25. The firm’s 50 day moving average is $9.17. ChannelAdvisor has a 52-week low of $8.52 and a 52-week high of $14.50. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Several institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in ChannelAdvisor by 7.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,412 shares of the software maker’s stock valued at $346,000 after acquiring an additional 2,056 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in ChannelAdvisor by 161.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 157,236 shares of the software maker’s stock valued at $1,785,000 after acquiring an additional 96,983 shares during the last quarter. Stone Ridge Asset Management LLC increased its stake in ChannelAdvisor by 21.7% in the fourth quarter. Stone Ridge Asset Management LLC now owns 23,656 shares of the software maker’s stock valued at $268,000 after acquiring an additional 4,213 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in ChannelAdvisor by 2.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 626,356 shares of the software maker’s stock valued at $7,109,000 after acquiring an additional 15,759 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in ChannelAdvisor by 23.5% in the fourth quarter. California Public Employees Retirement System now owns 42,991 shares of the software maker’s stock valued at $488,000 after acquiring an additional 8,191 shares during the last quarter. 81.77% of the stock is currently owned by hedge funds and other institutional investors.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

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Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

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