Brokerages Anticipate Shopify Inc (US) (SHOP) Will Post Quarterly Sales of $201.63 Million
Analysts expect Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) to report $201.63 million in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Shopify Inc (US)’s earnings. The lowest sales estimate is $200.00 million and the highest is $205.90 million. Shopify Inc (US) posted sales of $127.38 million during the same quarter last year, which would suggest a positive year over year growth rate of 58.3%. The business is expected to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Shopify Inc (US) will report full year sales of $201.63 million for the current year, with estimates ranging from $979.87 million to $1.04 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.37 billion per share, with estimates ranging from $1.32 billion to $1.50 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Shopify Inc (US).
Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) last issued its earnings results on Thursday, February 15th. The software maker reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.09. The business had revenue of $222.80 million for the quarter, compared to the consensus estimate of $209.70 million. Shopify Inc (US) had a negative net margin of 5.94% and a negative return on equity of 4.74%. Shopify Inc (US)’s quarterly revenue was up 70.9% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in shares of Shopify Inc (US) in the third quarter worth $303,000. Pier 88 Investment Partners LLC lifted its stake in shares of Shopify Inc (US) by 203.7% in the fourth quarter. Pier 88 Investment Partners LLC now owns 4,349 shares of the software maker’s stock worth $439,000 after buying an additional 2,917 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Shopify Inc (US) in the third quarter worth about $1,536,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Shopify Inc (US) by 7.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 235,517 shares of the software maker’s stock worth $27,378,000 after purchasing an additional 15,810 shares during the period. Finally, TD Asset Management Inc. raised its stake in Shopify Inc (US) by 0.4% during the third quarter. TD Asset Management Inc. now owns 609,824 shares of the software maker’s stock worth $70,762,000 after purchasing an additional 2,494 shares during the period. 55.68% of the stock is owned by institutional investors and hedge funds.
Shares of Shopify Inc (NYSE SHOP) traded up $1.72 during mid-day trading on Thursday, reaching $149.16. 1,420,000 shares of the company’s stock were exchanged, compared to its average volume of 2,180,000. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.82 and a quick ratio of 10.83. The company has a market cap of $14,810.00 and a P/E ratio of -355.14. Shopify Inc has a twelve month low of $62.50 and a twelve month high of $150.47.
About Shopify Inc (US)
Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.
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