Shopify Inc (US) (SHOP) Analysts See $-0.17 EPS

October 13, 2017 - By Nellie Frank

 Shopify Inc (US) (SHOP) Analysts See $ 0.17 EPS

Wall Street await Shopify Inc (US) (NYSE:SHOP) to release earnings on November, 1. Analysts forecast earnings per share of $-0.17, down exactly $0.06 or 54.55 % from 2014’s $-0.11 EPS. After posting $-0.15 EPS for the previous quarter, Shopify Inc (US)’s analysts now forecast 13.33 % negative EPS growth. About 1.76 million shares traded. Shopify Inc (US) (NYSE:SHOP) has risen 242.20% since October 14, 2016 and is uptrending. It has outperformed by 225.50% the S&P500.

Shopify Inc (US) (NYSE:SHOP) Ratings Coverage

Among 32 analysts covering Shopify (NYSE:SHOP), 15 have Buy rating, 0 Sell and 17 Hold. Therefore 47% are positive. Shopify had 62 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, November 18 by Raymond James. KeyBanc Capital Markets maintained Shopify Inc (US) (NYSE:SHOP) rating on Monday, August 22. KeyBanc Capital Markets has “Overweight” rating and $43 target. Monness Crespi & Hardt initiated the stock with “Buy” rating in Wednesday, June 29 report. Mackie initiated Shopify Inc (US) (NYSE:SHOP) on Tuesday, November 29 with “Buy” rating. The stock of Shopify Inc (US) (NYSE:SHOP) earned “Hold” rating by Oppenheimer on Wednesday, August 9. The rating was maintained by Oppenheimer on Tuesday, August 1 with “Hold”. The firm earned “Overweight” rating on Tuesday, January 19 by Morgan Stanley. The stock has “Buy” rating by Canaccord Genuity on Thursday, February 18. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, September 3. The firm earned “Buy” rating on Friday, September 29 by Robert W. Baird.

Shopify Inc. provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The company has market cap of $9.29 billion. The Firm offers subscription solutions and merchant solutions. It currently has negative earnings. 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.

More notable recent Shopify Inc (US) (NYSE:SHOP) news were published by: Investorplace.com which released: “Ignore Citron Report and Use This Dip to Buy Shopify Inc (US) (SHOP) Stock” on October 06, 2017, also Fool.com with their article: “3 Stocks That Could Soar More Than Shopify” published on October 12, 2017, Benzinga.com published: “Citron Calls Shopify’s Business ‘Dirtier Than Herbalife’, Values Shares At $60” on October 04, 2017. More interesting news about Shopify Inc (US) (NYSE:SHOP) were released by: Fool.com and their article: “Why You’re Smart to Buy Shopify Inc. (US) — Despite Citron’s Report” published on October 09, 2017 as well as Investorplace.com‘s news article titled: “Why Shopify Inc (US) (SHOP) Stock Is in a Win-Win Situation” with publication date: October 11, 2017.

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