Shopify Inc. (TSE:SHO – Free Report) – Analysts at Capital One Financial upped their FY2024 earnings estimates for shares of Shopify in a note issued to investors on Wednesday, January 15th. Capital One Financial analyst C. Murphy now expects that the company will earn $1.44 per share for the year, up from their previous estimate of $1.39. Capital One Financial also issued estimates for Shopify’s Q4 2024 earnings at $0.64 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.52 EPS and FY2025 earnings at $1.22 EPS.
SHO has been the topic of several other research reports. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. New Street Research raised Shopify to a “hold” rating in a report on Friday, January 10th. Wedbush upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a strong buy rating to the stock. Based on data from MarketBeat, Shopify has an average rating of “Buy”.
Shopify Stock Performance
Shopify (TSE:SHO – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.13. The business had revenue of C$2.95 billion during the quarter, compared to the consensus estimate of C$2.90 billion.
About Shopify
ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.
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