$26.99 Million in Sales Expected for CommerceHub (CHUBA) This Quarter

Wall Street analysts forecast that CommerceHub (NASDAQ:CHUBA) will report sales of $26.99 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for CommerceHub’s earnings, with estimates ranging from $25.90 million to $28.44 million. CommerceHub reported sales of $24.57 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The company is scheduled to report its next earnings report on Monday, May 14th.

According to Zacks, analysts expect that CommerceHub will report full-year sales of $26.99 million for the current year, with estimates ranging from $117.70 million to $132.95 million. For the next year, analysts expect that the company will post sales of $134.21 million per share, with estimates ranging from $125.00 million to $140.74 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CommerceHub.

CommerceHub (NASDAQ:CHUBA) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). CommerceHub had a return on equity of 37.34% and a net margin of 8.87%. The firm had revenue of $36.73 million for the quarter, compared to the consensus estimate of $37.74 million.



A number of equities research analysts recently commented on the stock. BidaskClub cut shares of CommerceHub from a “sell” rating to a “strong sell” rating in a report on Thursday. DA Davidson cut shares of CommerceHub from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Wednesday, March 7th. First Analysis cut shares of CommerceHub from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 6th. CIBC assumed coverage on shares of CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research raised shares of CommerceHub from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. CommerceHub has a consensus rating of “Hold” and an average target price of $26.17.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in shares of CommerceHub by 19.9% during the 3rd quarter. Wells Fargo & Company MN now owns 55,684 shares of the technology company’s stock valued at $1,257,000 after purchasing an additional 9,237 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of CommerceHub during the 4th quarter valued at $495,000. Russell Investments Group Ltd. grew its position in shares of CommerceHub by 143.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 132,752 shares of the technology company’s stock valued at $2,996,000 after purchasing an additional 78,291 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of CommerceHub during the 3rd quarter valued at $943,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of CommerceHub during the 3rd quarter valued at $11,072,000. Hedge funds and other institutional investors own 30.24% of the company’s stock.

Shares of CommerceHub stock remained flat at $$22.54 during mid-day trading on Tuesday. 106,660 shares of the company’s stock traded hands, compared to its average volume of 405,257. CommerceHub has a 1 year low of $14.96 and a 1 year high of $24.53. The company has a market cap of $981.04, a PE ratio of 60.95, a P/E/G ratio of 3.21 and a beta of -0.71.

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CommerceHub Company Profile

CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.

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