What is DA Davidson’s Forecast for Shopify FY2024 Earnings?

Shopify Inc. (TSE:SHO) – Equities research analysts at DA Davidson upped their FY2024 earnings per share estimates for Shopify in a report released on Wednesday, November 13th. DA Davidson analyst G. Luria now anticipates that the company will post earnings per share of $1.24 for the year, up from their prior estimate of $0.96. DA Davidson also issued estimates for Shopify’s Q4 2024 earnings at $0.45 EPS and FY2025 earnings at $1.59 EPS.

Shopify (TSE:SHO) last posted its earnings results on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.24 by C$0.13. The business had revenue of C$2.95 billion for the quarter, compared to analyst estimates of C$2.90 billion.

Other equities analysts have also recently issued research reports about the stock. Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Argus raised shares of Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald raised shares of Shopify to a “hold” rating in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating and five have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Shopify Price Performance

About Shopify

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.