Shopify (SHOP) to Release Earnings on Tuesday

Shopify (NYSE:SHOP) (TSE:SHOP) is scheduled to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Shopify to post earnings of $0.27 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Shopify had a return on equity of 10.88% and a net margin of 16.40%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted ($0.08) earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts expect Shopify to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shopify Price Performance

SHOP opened at $87.12 on Friday. The business’s 50-day moving average is $78.41 and its two-hundred day moving average is $69.83. Shopify has a 1 year low of $48.56 and a 1 year high of $91.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.32 and a quick ratio of 7.32. The firm has a market capitalization of $112.42 billion, a PE ratio of 88.90, a price-to-earnings-growth ratio of 2.74 and a beta of 2.36.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SHOP. Truist Financial decreased their price target on Shopify from $65.00 to $55.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price (up from $68.00) on shares of Shopify in a research note on Wednesday, August 7th. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Shopify in a research report on Tuesday, September 10th. DZ Bank downgraded Shopify from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Scotiabank raised their target price on Shopify from $75.00 to $80.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Shopify has an average rating of “Moderate Buy” and a consensus price target of $81.03.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.