Wall Street brokerages expect that ChannelAdvisor Corp (NYSE:ECOM) will report earnings per share of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for ChannelAdvisor’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.03. ChannelAdvisor reported earnings of ($0.08) per share in the same quarter last year, which would indicate a positive year over year growth rate of 150%. The firm is scheduled to announce its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that ChannelAdvisor will report full-year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.06. For the next year, analysts anticipate that the firm will post earnings of $0.17 per share, with EPS estimates ranging from $0.13 to $0.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $31.93 million during the quarter, compared to analyst estimates of $31.71 million. ChannelAdvisor had a negative net margin of 4.09% and a negative return on equity of 5.35%. ChannelAdvisor’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) EPS.

A number of research firms recently issued reports on ECOM. ValuEngine raised shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. ChannelAdvisor currently has an average rating of “Buy” and an average price target of $15.76.

Shares of NYSE ECOM traded up $0.38 during midday trading on Friday, reaching $9.95. 105,622 shares of the stock were exchanged, compared to its average volume of 102,353. The firm has a market cap of $263.88 million, a price-to-earnings ratio of -38.27 and a beta of 0.36. ChannelAdvisor has a twelve month low of $8.01 and a twelve month high of $14.36. The firm has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $10.29. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.13.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in ChannelAdvisor by 236.2% in the 2nd quarter. Bank of Montreal Can now owns 3,180 shares of the software maker’s stock valued at $28,000 after buying an additional 2,234 shares during the period. BNP Paribas Arbitrage SA raised its holdings in ChannelAdvisor by 77,442.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,428 shares of the software maker’s stock valued at $66,000 after buying an additional 5,421 shares during the period. Prudential Financial Inc. purchased a new stake in ChannelAdvisor in the 2nd quarter valued at about $113,000. Menta Capital LLC purchased a new stake in ChannelAdvisor in the 2nd quarter valued at about $157,000. Finally, Algert Global LLC purchased a new stake in ChannelAdvisor in the 2nd quarter valued at about $187,000. Hedge funds and other institutional investors own 81.37% of the company’s stock.

About ChannelAdvisor

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

Read More: What is the Dividend Aristocrat Index?

Get a free copy of the Zacks research report on ChannelAdvisor (ECOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

Receive News & Ratings for ChannelAdvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChannelAdvisor and related companies with MarketBeat.com's FREE daily email newsletter.