Shopify (SHOP) Scheduled to Post Quarterly Earnings on Tuesday

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Shopify to post earnings of $0.27 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Shopify had a net margin of 16.40% and a return on equity of 10.88%. Shopify's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) earnings per share. On average, analysts expect Shopify to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shopify Price Performance

Shares of Shopify stock traded up $1.13 during midday trading on Tuesday, reaching $79.57. The company had a trading volume of 4,645,403 shares, compared to its average volume of 9,021,995. Shopify has a 1-year low of $48.56 and a 1-year high of $91.57. The company has a market capitalization of $102.68 billion, a price-to-earnings ratio of 80.42, a price-to-earnings-growth ratio of 2.64 and a beta of 2.36. The company has a current ratio of 7.32, a quick ratio of 7.32 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $77.61 and a 200 day simple moving average of $69.45.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SHOP. Royal Bank of Canada boosted their price target on shares of Shopify from $85.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Barclays boosted their price target on shares of Shopify from $65.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, October 1st. UBS Group boosted their price target on shares of Shopify from $71.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. Scotiabank boosted their price target on shares of Shopify from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $72.00 target price (up from $68.00) on shares of Shopify in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $81.03.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.