Equities research analysts predict that Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) will report sales of $199.89 million for the current quarter, Zacks reports. Three analysts have made estimates for Shopify Inc (US)’s earnings, with the lowest sales estimate coming in at $198.02 million and the highest estimate coming in at $201.17 million. Shopify Inc (US) posted sales of $127.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 56.9%. The company is expected to announce its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Shopify Inc (US) will report full year sales of $199.89 million for the current year, with estimates ranging from $974.10 million to $984.61 million. For the next fiscal year, analysts anticipate that the company will post sales of $1.30 billion per share, with estimates ranging from $1.24 billion to $1.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Shopify Inc (US).
Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Thursday, February 15th. The software maker reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.09. Shopify Inc (US) had a negative return on equity of 4.74% and a negative net margin of 5.94%. The firm had revenue of $222.80 million during the quarter, compared to the consensus estimate of $209.70 million. Shopify Inc (US)’s revenue was up 70.9% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in SHOP. Alliancebernstein L.P. purchased a new position in Shopify Inc (US) in the second quarter worth about $498,000. UBS Asset Management Americas Inc. purchased a new position in Shopify Inc (US) in the second quarter worth about $278,000. Vanguard Group Inc. boosted its position in Shopify Inc (US) by 290.2% in the second quarter. Vanguard Group Inc. now owns 141,134 shares of the software maker’s stock worth $12,264,000 after purchasing an additional 104,961 shares during the last quarter. Ark Investment Management LLC purchased a new position in Shopify Inc (US) in the second quarter worth about $242,000. Finally, QS Investors LLC purchased a new position in Shopify Inc (US) in the second quarter worth about $217,000. 60.34% of the stock is currently owned by institutional investors and hedge funds.
Shopify Inc (SHOP) opened at $137.53 on Tuesday. Shopify Inc has a twelve month low of $58.63 and a twelve month high of $140.75. The company has a current ratio of 10.82, a quick ratio of 10.83 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $12,005.16, a price-to-earnings ratio of -327.44 and a beta of 1.30.
Shopify Inc (US) Company Profile
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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