Shopify Inc. (NYSE:SHOP) is reporting second quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, SHOP is expected to report 2Q20 income of $ 0.01 per share from revenue of $ 513.83 million.
For the full year, analysts anticipate top line of $ 2193.07 million, while looking forward to income of $ 0.58 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,130.00 million ~ $ 2,160.00 million
Click Here For More Historical Outlooks Of Shopify Inc.
Previous Quarter Performance
Shopify Inc. posted income for the first quarter of $ 0.19 per share, from the revenue of $ 470.00 million. The quarterly earnings up 216.67 percent while revenues gained 51.61 percent compared with the same quarter last year.
Street analysts expected Shopify Inc. to report loss of $ 0.18 per share on revenue of $ 443.11 million for the first quarter. The bottom line results beat street analysts by $ 0.37 or 205.56 percent, at the same time, top line results outshined analysts by $ 26.89 million or 6.07 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Shopify Inc.
Stock Performance
According to the previous trading day, closing price of SHOP was $ 985.00, representing a 249.19 % increase from the 52 week low of $ 282.08 and a 8.37 % decrease over the 52 week high of $ 1074.98.
The company has a market capital of $ 117.16 billion and is part of the Technology sector and Software – Application industry.
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Recent Analyst recommendations
- On 24th June 2020, maintained by KeyBanc at Overweight rating, with $ 1.00 target price.
- On 2nd June 2020, maintained by KeyBanc at Overweight rating, with $ 805.00 target price.
Conference Call
Shopify Inc. will be hosting a conference call at 8:30 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.shopify.com
Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.
