FY2024 EPS Estimates for Shopify Increased by Analyst

Posted by on Jan 20th, 2025

Shopify Inc. (TSE:SHO – Free Report) – Research analysts at Capital One Financial raised their FY2024 EPS estimates for Shopify in a report issued on Wednesday, January 15th. Capital One Financial analyst C. Murphy now forecasts that the company will post earnings of $1.44 per share for the year, up from their previous estimate of $1.39. Capital One Financial also issued estimates for Shopify’s Q4 2024 earnings at $0.64 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.52 EPS and FY2025 earnings at $1.22 EPS.

Shopify (TSE:SHO – Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.13. The business had revenue of C$2.95 billion for the quarter, compared to the consensus estimate of C$2.90 billion.

SHO has been the topic of several other research reports. Wedbush upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. New Street Research upgraded shares of Shopify to a “hold” rating in a research report on Friday, January 10th. Finally, Loop Capital upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and seven have given a strong buy rating to the company. According to MarketBeat, Shopify currently has an average rating of “Buy”.

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