Shopify (SHOP) Set to Announce Earnings on Wednesday

Shopify (NYSE:SHOP) (TSE:SHOP) is set to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Shopify had a return on equity of 4.48% and a net margin of 1.87%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. On average, analysts expect Shopify to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shopify Price Performance

Shares of NYSE:SHOP opened at $74.46 on Monday. Shopify has a fifty-two week low of $45.50 and a fifty-two week high of $91.57. The business has a 50-day simple moving average of $74.73 and a two-hundred day simple moving average of $73.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.99 and a current ratio of 6.99. The firm has a market cap of $95.80 billion, a price-to-earnings ratio of 827.43 and a beta of 2.20.

Wall Street Analyst Weigh In

SHOP has been the subject of a number of recent analyst reports. StockNews.com raised Shopify from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Barclays decreased their target price on Shopify from $70.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 14th. Wedbush reissued a “neutral” rating and issued a $68.00 target price on shares of Shopify in a research report on Tuesday, February 13th. Mizuho boosted their target price on Shopify from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Citigroup upgraded Shopify from a “neutral” rating to a “buy” rating and boosted their price target for the company from $93.00 to $105.00 in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.00.

Shopify Company Profile

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.