Shopify is set to report its first-quarter earnings on Thursday after the market close. Wall Street is expecting the company to report a loss of $0.05 per share on revenue of $151.75 million.
Shopify has been on a tear lately, with its stock up more than 80% over the past year. The company has been benefiting from the shift to e-commerce as brick-and-mortar retailers have been struggling.
Shopify has been investing heavily in its platform and expanding its reach. The company recently launched Shopify Shipping, which gives merchants the ability to offer discounted shipping rates to their customers. Shopify is also working on expanding its payments business and launching new products aimed at helping merchants run their businesses more efficiently.
Investors will be looking for an update on Shopify’s progress on Thursday. They’ll also be hoping for some guidance on the company’s full-year outlook given the recent strength in the stock.
What to Expect From Shopify Earnings?
Investors will be looking for an update on Shopify’s progress on Thursday.
What to Expect From Shopify Earnings?
Shopify is set to report its first-quarter earnings on Thursday after the market close.
Shopify has been on a tear lately, with its stock up more than 80% over the past year.
Shopify has been investing heavily in its platform and expanding its reach.
Shopify is also working on expanding its payments business and launching new products aimed at helping merchants run their businesses more efficiently.
Shopify is set to report earnings after the market close on Thursday, and investors are expecting big things from the e-commerce platform.
The stock has been on a tear in recent months, rising more than 50% since October on the back of strong revenue growth.
Analysts are expecting Shopify to report earnings of $0.12 per share on revenue of $171.1 million. This would represent year-over-year growth of 96% and 43%, respectively.
If Shopify misses on either of these estimates, it could send the stock tumbling lower. So, investors should be prepared for a potentially volatile reaction to the company’s earnings report.
Investors will be looking for an update on Shopify’s progress on Thursday.
They’ll also be hoping for some guidance on the company’s full-year outlook given the recent strength in the stock.
What to Expect From Shopify Earnings?
Shopify is set to report its first-quarter earnings on Thursday after the market close.
Wall Street is expecting the company to report a loss of $0.05 per share on revenue of $151.
75 million.
Shopify has been on a tear lately, with its stock up more than 80% over
the past year.
The company has been benefiting from the shift to e-commerce as brick-and-mortar retailers have been struggling.
Shopify has been investing heavily in,with recent launches such as Shopify Shipping giving merchantsthe ability offer discounted shipping rates, and new productspromising to help run businesses more efficiently.
On Thursday investors will be looking for an updateon progress as well as guidance regarding any changes in directionthat may come about due, given recent strength shown bythe stock.
.
What can investors expect from Shopifys earnings reports? Many will be hoping for an update regarding direction and changes in light of recent events such as increased stock value due largely in part to successful platform investments like Shopify Shipping .
Also of note are new products that show great promise for efficiency gains in how businesses are run . All these considered , it should be another interesting earnings call for all those invested or considering investment into this growing eCommerce powerhouse .
