Zacks: Analysts Expect ChannelAdvisor Corp (NYSE:ECOM) to Post $0.10 Earnings Per Share

Equities research analysts expect that ChannelAdvisor Corp (NYSE:ECOM) will report earnings per share of $0.10 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for ChannelAdvisor’s earnings, with estimates ranging from $0.08 to $0.10. ChannelAdvisor posted earnings per share of $0.03 during the same quarter last year, which indicates a positive year-over-year growth rate of 233.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that ChannelAdvisor will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.47. For the next financial year, analysts anticipate that the firm will post earnings of $0.53 per share, with EPS estimates ranging from $0.49 to $0.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. ChannelAdvisor had a negative net margin of 4.09% and a negative return on equity of 5.35%. The business had revenue of $31.93 million during the quarter, compared to analysts’ expectations of $31.71 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis.



A number of equities analysts have issued reports on ECOM shares. Zacks Investment Research upgraded ChannelAdvisor from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of ChannelAdvisor in a report on Friday, May 10th. ValuEngine upgraded ChannelAdvisor from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, First Analysis cut ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 target price for the company. in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.76.

A number of hedge funds have recently added to or reduced their stakes in ECOM. BlackRock Inc. grew its holdings in shares of ChannelAdvisor by 8.5% in the 2nd quarter. BlackRock Inc. now owns 1,844,294 shares of the software maker’s stock valued at $16,156,000 after acquiring an additional 145,212 shares in the last quarter. Vanguard Group Inc. lifted its stake in ChannelAdvisor by 8.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,404,036 shares of the software maker’s stock valued at $12,300,000 after purchasing an additional 115,238 shares during the last quarter. Renaissance Technologies LLC lifted its stake in ChannelAdvisor by 23.9% in the 2nd quarter. Renaissance Technologies LLC now owns 384,200 shares of the software maker’s stock valued at $3,366,000 after purchasing an additional 74,100 shares during the last quarter. Geode Capital Management LLC lifted its stake in ChannelAdvisor by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 271,091 shares of the software maker’s stock valued at $3,076,000 after purchasing an additional 11,196 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in ChannelAdvisor by 189.2% in the 2nd quarter. AQR Capital Management LLC now owns 230,103 shares of the software maker’s stock valued at $2,016,000 after purchasing an additional 150,531 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

ECOM stock traded up $0.18 during trading hours on Friday, reaching $8.92. 33,987 shares of the stock were exchanged, compared to its average volume of 104,505. The firm’s 50-day moving average is $9.14 and its 200-day moving average is $10.66. The company has a market cap of $256.59 million, a price-to-earnings ratio of -34.31 and a beta of 0.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.85 and a quick ratio of 1.92. ChannelAdvisor has a 12 month low of $8.01 and a 12 month high of $14.36.

About ChannelAdvisor

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

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Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

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