Shopify Inc. (TSE:SHO – Free Report) – Equities research analysts at Seaport Res Ptn increased their Q3 2024 earnings per share (EPS) estimates for shares of Shopify in a research note issued on Monday, October 7th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.24. Seaport Res Ptn also issued estimates for Shopify’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $1.13 EPS, Q1 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $1.50 EPS.
A number of other brokerages have also recently issued reports on SHO. Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research report on Thursday, September 5th. Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Wolfe Research raised Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Argus raised Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, one has given a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Shopify Stock Performance
Shopify (TSE:SHO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.10. The business had revenue of C$2.80 billion during the quarter, compared to analyst estimates of C$2.75 billion.
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.
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