Wedbush Has Optimistic Outlook of Shopify Q4 Earnings

Shopify Inc. (TSE:SHO) – Research analysts at Wedbush increased their Q4 2024 earnings estimates for shares of Shopify in a report released on Monday, January 6th. Wedbush analyst S. Devitt now anticipates that the company will post earnings per share of $0.44 for the quarter, up from their previous forecast of $0.43. Wedbush has a “Strong-Buy” rating on the stock. Wedbush also issued estimates for Shopify’s Q2 2025 earnings at $0.32 EPS.

A number of other research firms have also recently issued reports on SHO. Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Shopify Price Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.13. The firm had revenue of C$2.95 billion for the quarter, compared to analyst estimates 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.