Shopify closed at $148.26, up 2.95% from the prior session, outperforming the S&P 500, which lost 0.17%, while the Dow fell 0.26% and the Nasdaq slipped 0.09%. The cloud-based commerce company is projected to report earnings of $0.44 per share in its upcoming release, representing year-over-year growth of 29.41%, with revenue expected at $3.73 billion, up 31.22% from the year-ago period. For the full year, the Zacks Consensus Estimates forecast earnings of $1.89 per share and revenue of $15.18 billion, indicating changes of +61.54% and +31.33%, respectively. Over the last 30 days, the Zacks Consensus EPS estimate has risen 0.1%, and Shopify currently carries a Zacks Rank #3 (Hold). The stock trades at a Forward P/E of 76.09 versus an industry average of 15.5, with a PEG ratio of 2.26 compared to the Internet - Services industry average of 1.63.
Shopify IncShopify rose 2.95% ahead of earnings; analysts' consensus estimates and Zacks Rank #3 (Hold) frame the upcoming report, but no company-specific development is stated.
