Shopify(SHOP)
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Shopify Earnings: A Good Quarter, But Not Enough To Justify The Share Price Reaction
Seeking Alpha· 2024-11-13 18:54
Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...
Why I Am Buying Shopify After Its Q3 Earnings
Seeking Alpha· 2024-11-13 18:43
We bring a rigorous research-driven approach to uncovering high-conviction stocks with compelling growth potential across dynamic sectors like big tech, semiconductors, AI, and healthcare. Leveraging comprehensive sector insights, We analyze both low-risk and selective high-risk plays that have the potential to outperform. Each investment idea is backed by thorough research and strategic foresight, aimed at helping investors navigate today’s complex markets and secure strong returns. Follow for sophisticate ...
Shopify's Q3 Earnings Beat Drives Analyst Upgrades, Market Confidence
Benzinga· 2024-11-13 18:30
Shopify Inc SHOP shares were climbing on Wednesday after the company reported upbeat third-quarter earnings.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.JPMorgan On ShopifyAnalyst Reginald Smith reiterated an Overweight rating while raising the price target from $76 to $121.Shopify delivered a "big FCF margin beat," Smith said. Free cash flows of $421 million coming in higher than consensus of $340 million and FCF margin of 19.5% coming in around 350 ...
Shopify Shares Rise on Q3 Earnings Beat: Is the Stock a Buy?
ZACKS· 2024-11-13 16:36
Shopify (SHOP) reported third-quarter 2024 non-GAAP earnings of 36 cents per share, beating the Zacks Consensus Estimate by 33.33%. SHOP reported earnings of 24 cents per share in the year-ago quarter.SHOP’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 24.50%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $2.16 billion surpassed the Zacks Consensus Estimate by 2.59%. The top line soared 26.1% year over y ...
Shopify Q3: Road To $137/Share, With Growing Market Share
Seeking Alpha· 2024-11-13 16:27
I last wrote about Shopify Inc. (NYSE: SHOP ) in July, where I initiated a "buy" rating. Since then, the stock is up over 80%, significantly outperforming the S&P 500 index ( SP500 ).Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-win ...
Shopify Q3: Strong Growth In Large Merchants, But Stock Overvalued
Seeking Alpha· 2024-11-12 20:47
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...
Shopify Boosts AI and Unified Commerce Tools for Merchants
PYMNTS.com· 2024-11-12 18:57
A major focus for Shopify has been ensuring its merchants are equipped to reach consumers wherever they are, Shopify President Harley Finkelstein noted Tuesday (Nov. 12) during the company’s third-quarter earnings call. By streamlining the shopping experience, Shopify officials want to connect its platform to key touchpoints across the digital landscape, including YouTube, TikTok, Roblox and Instagram.The company’s goal is clear, Finkelstein said: make it easier for merchants to engage with new audiences, r ...
Key Earnings Movers: Shopify Soars on Double-Beat Report
ZACKS· 2024-11-12 17:40
The third-quarter earnings season is winding down, but that doesn’t mean the fireworks are over.We’ve now received Q3 results from more than 90% of S&P 500 index members. Total earnings for these companies that have reported are up 7.1% from the same period last year on 5.5% higher revenues. On a ‘blended’ basis that includes the still-to-come companies, S&P 500 earnings are expected to rise 7.4% from the year-ago period on 5.6% higher revenues. The outcome speaks to a resilient corporate backdrop, as comp ...
Compared to Estimates, Shopify (SHOP) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-12 17:30
For the quarter ended September 2024, Shopify (SHOP) reported revenue of $2.16 billion, up 26.1% over the same period last year. EPS came in at $0.36, compared to $0.24 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.11 billion, representing a surprise of +2.59%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.27.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...
Can Shopify Re-Rate Higher After The Q3 2024 Earnings Outperformance Rally?
Seeking Alpha· 2024-11-12 17:25
Shopify Inc. (NYSE: SHOP ) is now trading at a new 52-week high as the stock's rally continues on its blockbuster Q3 results. The company reported revenue growth of 26% y/y to $2.162 billion on gross merchandise volume ("GMV") of close to $70 billion. This farAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am ...