Shopify (SHO) to Release Earnings on Tuesday

Shopify (TSE:SHO) will post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Shopify to post earnings of C$0.37 per share for the quarter.

Shopify (TSE:SHO) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.10. The business had revenue of C$2.80 billion for the quarter, compared to the consensus estimate of C$2.75 billion.

Shopify Price Performance

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHO. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research note on Thursday, September 5th. Argus upgraded shares of Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research raised Shopify to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and five have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Shopify Company Profile

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.