Shopify (SHOP) to Release Earnings on Tuesday

Shopify (NYSE:SHOP) (TSE:SHOP) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 12th. Analysts expect Shopify to post earnings of $0.27 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Shopify had a net margin of 16.40% and a return on equity of 10.88%. Shopify’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. On average, analysts expect Shopify to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shopify Stock Performance

SHOP stock opened at $78.44 on Tuesday. The stock’s 50 day simple moving average is $77.61 and its 200 day simple moving average is $69.45. The company has a current ratio of 7.32, a quick ratio of 7.32 and a debt-to-equity ratio of 0.10. Shopify has a 12-month low of $48.56 and a 12-month high of $91.57. The stock has a market capitalization of $101.22 billion, a PE ratio of 80.04, a price-to-earnings-growth ratio of 2.64 and a beta of 2.36.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Loop Capital lifted their price target on shares of Shopify from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Argus upgraded shares of Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Shopify in a research report on Tuesday, September 10th. Benchmark reaffirmed a “hold” rating on shares of Shopify in a report on Tuesday, August 6th. Finally, Barclays increased their price objective on shares of Shopify from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.03.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.