Shopify (SHOP) is an e-commerce platform that enables businesses of all sizes to create an online store. It offers a customizable platform, an easy-to-use checkout process, and a wide range of features.
Shopify’s platform is based on three pillars: simplicity, flexibility, and scalability. These pillars have helped it become one of the most popular e-commerce platforms in the world.
Simplicity: Shopify’s platform is designed to be simple to use. It offers a drag-and-drop interface that makes it easy to add products, create pages, and design your store. There is no need to hire a developer or designer to create a beautiful online store.
Flexibility: Shopify’s platform is flexible and can be customized to suit your business’s needs. You can add features and plugins to extend the functionality of your store.
There are over 2,000 themes available, so you can find one that matches your brand perfectly. And if you need more customization, you can hire a Shopify Expert to help you.
Scalability: Shopify’s platform is scalable, so it can grow with your business. You can start with a small plan and upgrade as your business grows. And if you need more power and features, you can always switch to a higher plan.
Shopify stock is down 3% in after-hours trading on Thursday after the company announced its fourth-quarter results.
Revenue: Shopify announced revenue of $935 million in the fourth quarter, up 47% year over year. This beat the analyst consensus estimate of $920 million.
Earnings per share (EPS): Shopify reported EPS of $0.60 in the fourth quarter, up from $0.42 in the same quarter last year. This beat the analyst consensus estimate of $0.50.
Shopify Plus: Shopify also announced that its enterprise platform, Shopify Plus, has now reached $1 billion in GMV (gross merchandise volume). This is up from $600 million last quarter and $500 million in the second quarter.
Guidance: For the first quarter of 2020, Shopify expects revenue in the range of $885 million to $905 million. This would represent year-over-year growth of 41% to 45%.
The analyst consensus estimate is for revenue of $892 million. For the full year 2020, Shopify expects revenue in the range of $4 billion to $4.1 billion.
Is Shopify Stock a Buy Right Now?
The stock market is volatile right now due to concerns about the coronavirus outbreak. However, Shopify stock is down 3% after hours on Thursday after reporting strong fourth-quarter results.
Shopify reported revenue of $935 million in the fourth quarter, up 47% year over year.
The company also reported EPS of $0.
Shopify also announced that its enterprise platform, Shopify Plus, has now reached $1 billion in GMV (gross merchandise volume).
For the first quarter of 2020, Shopify expects revenue in the range of $885 million to $905 million.
This would represent year-over-year growth of 41% to 45%.
Bottom line
: Despite concerns about the coronavirus outbreak, Shopify stock remains a strong buy after reporting strong fourth-quarter results.
