Wall Street brokerages predict that Shopify Inc (NYSE:SHOP) (TSE:SHOP) will announce earnings per share (EPS) of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Seventeen analysts have issued estimates for Shopify’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at ($0.07). Shopify reported earnings per share of $0.02 during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The firm is expected to report its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Shopify will report full-year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.17 to $0.79. For the next year, analysts anticipate that the business will post earnings of $0.93 per share, with EPS estimates ranging from $0.59 to $1.42. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Shopify.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.44. Shopify had a negative net margin of 6.17% and a negative return on equity of 3.74%. The business had revenue of $320.50 million for the quarter, compared to analyst estimates of $310.11 million. During the same quarter in the prior year, the business posted $0.04 EPS. Shopify’s revenue for the quarter was up 49.6% compared to the same quarter last year.

SHOP has been the topic of several analyst reports. DA Davidson lifted their price target on shares of Shopify from $210.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. SunTrust Banks boosted their target price on shares of Shopify to $245.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. They noted that the move was a valuation call. Robert W. Baird boosted their target price on shares of Shopify from $165.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Rosenblatt Securities boosted their target price on shares of Shopify from $190.00 to $212.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Finally, Roth Capital boosted their target price on shares of Shopify from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $237.71.

Shopify stock traded down $3.32 during mid-day trading on Friday, reaching $274.69. 20,190 shares of the company traded hands, compared to its average volume of 2,257,374. The company has a current ratio of 12.56, a quick ratio of 12.57 and a debt-to-equity ratio of 0.05. Shopify has a fifty-two week low of $117.64 and a fifty-two week high of $279.48. The firm has a market capitalization of $29.16 billion, a price-to-earnings ratio of -447.90 and a beta of 1.57.

A number of large investors have recently modified their holdings of SHOP. Baillie Gifford & Co. grew its holdings in Shopify by 56.3% during the 1st quarter. Baillie Gifford & Co. now owns 5,920,039 shares of the software maker’s stock valued at $1,223,199,000 after purchasing an additional 2,132,030 shares during the last quarter. Morgan Stanley boosted its position in Shopify by 91.7% in the 1st quarter. Morgan Stanley now owns 4,312,294 shares of the software maker’s stock valued at $891,007,000 after buying an additional 2,063,041 shares during the period. Norges Bank purchased a new stake in Shopify in the 4th quarter valued at about $101,062,000. Renaissance Technologies LLC boosted its position in Shopify by 12,324.1% in the 1st quarter. Renaissance Technologies LLC now owns 720,600 shares of the software maker’s stock valued at $148,890,000 after buying an additional 714,800 shares during the period. Finally, CIBC World Markets Inc. boosted its position in Shopify by 378.5% in the 1st quarter. CIBC World Markets Inc. now owns 865,184 shares of the software maker’s stock valued at $178,764,000 after buying an additional 684,365 shares during the period. Institutional investors own 67.14% of the company’s stock.

Shopify Company Profile

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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Earnings History and Estimates for Shopify (NYSE:SHOP)

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