Shopify (SHOP) to Release Earnings on Tuesday

Shopify (NYSE:SHOP) (TSE:SHOP) is scheduled to release 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its earnings results on Wednesday, August 7th. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The company 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%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) earnings per share. 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 opened at $87.12 on Friday. Shopify has a 1-year low of $48.56 and a 1-year high of $91.57. The company has a 50 day simple moving average of $78.41 and a two-hundred day simple moving average of $69.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.32 and a quick ratio of 7.32. The firm has a market cap of $112.42 billion, a P/E ratio of 88.90, a PEG ratio of 2.74 and a beta of 2.36.

Wall Street Analyst Weigh In

SHOP has been the topic of a number of recent research reports. Evercore upped their price target on shares of Shopify from $75.00 to $80.00 in a research note on Thursday, August 8th. Bank of America raised shares of Shopify from a “neutral” rating to a “buy” rating and increased their price objective for the company from $78.00 to $82.00 in a research report on Tuesday, July 16th. Robert W. Baird increased their price objective on shares of Shopify from $79.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Morgan Stanley raised their price target on shares of Shopify from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, DZ Bank cut shares of Shopify from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Shopify has an average rating of “Moderate Buy” and a consensus 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.