Shopify (SHOP) to Release Quarterly Earnings on Tuesday

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP is expected to release its earnings data before the market opens on Tuesday, February 11th. Analysts expect Shopify to post earnings of $0.44 per share and revenue of $2.73 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Shopify Stock Down 1.1 %

NYSE:SHOP traded down $1.25 during trading hours on Friday, reaching $117.33. 5,827,629 shares of the stock were exchanged, compared to its average volume of 6,412,969. The firm has a 50 day moving average of $110.88 and a 200 day moving average of $90.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10. The stock has a market cap of $151.60 billion, a PE ratio of 109.65, a PEG ratio of 2.46 and a beta of 2.47. Shopify has a twelve month low of $48.56 and a twelve month high of $122.81.

Wall Street Analysts Forecast Growth

SHOP has been the topic of several analyst reports. KeyCorp boosted their price target on shares of Shopify from $80.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Loop Capital raised shares of Shopify from a "hold" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $140.00 in a research report on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $130.00 target price on shares of Shopify in a report on Wednesday, January 22nd. New Street Research assumed coverage on Shopify in a report on Friday, January 10th. They set a "neutral" rating and a $115.00 price target for the company. Finally, Canaccord Genuity Group upped their price objective on Shopify from $80.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Shopify currently has an average rating of "Moderate Buy" and a consensus price target of $100.32.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.