ChannelAdvisor Corp (ECOM) Expected to Post Earnings of -$0.08 Per Share

Wall Street brokerages expect that ChannelAdvisor Corp (NYSE:ECOM) will report earnings of ($0.08) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for ChannelAdvisor’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.07). ChannelAdvisor posted earnings of ($0.10) per share during the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is expected to report its next earnings report on Thursday, May 3rd.

On average, analysts expect that ChannelAdvisor will report full-year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.07) to $0.02. For the next financial year, analysts anticipate that the company will report earnings of $0.09 per share, with EPS estimates ranging from ($0.05) to $0.16. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $34.11 million for the quarter, compared to the consensus estimate of $34.39 million. ChannelAdvisor had a negative net margin of 13.51% and a negative return on equity of 17.47%.



ECOM has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 price objective (down from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. DA Davidson upgraded shares of ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price objective on the stock in a research note on Tuesday, February 6th. Dougherty & Co initiated coverage on shares of ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating on the stock. Finally, ValuEngine downgraded shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.38.

Shares of ChannelAdvisor stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.89 and a quick ratio of 1.89. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $12.65.

In related news, insider M Scot Wingo sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $9.15, for a total value of $366,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Cook acquired 5,500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average price of $8.87 per share, with a total value of $48,785.00. Following the acquisition, the chief financial officer now owns 158,945 shares in the company, valued at $1,409,842.15. The disclosure for this purchase can be found here. Company insiders own 7.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in ChannelAdvisor by 300.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock valued at $105,000 after buying an additional 8,729 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in ChannelAdvisor in the 4th quarter valued at approximately $184,000. Wells Fargo & Company MN raised its holdings in ChannelAdvisor by 52.8% in the 3rd quarter. Wells Fargo & Company MN now owns 29,202 shares of the software maker’s stock valued at $336,000 after buying an additional 10,091 shares during the last quarter. Levin Capital Strategies L.P. raised its holdings in ChannelAdvisor by 82.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 29,500 shares of the software maker’s stock valued at $265,000 after buying an additional 13,316 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in ChannelAdvisor in the 4th quarter valued at approximately $299,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

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ChannelAdvisor Company Profile

Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.

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Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

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