Shopify to Report Q3 Earnings: Is the Stock a Portfolio Must-Have?

Shopify (SHOP) is scheduled to report its third-quarter 2024 results on Nov. 12.For the to-be-reported quarter, Shopify expects revenue growth at a low to mid-20% range on a year-over-year basis.The Zacks Consensus Estimate for revenues is currently pegged at $2.11 billion, suggesting growth of 22.96% from the year-ago quarter’s reported figure.The consensus mark for earnings is pegged at 27 cents per share, which remained unchanged over the past 60 days. This indicates 12.50% growth from the figure reporte ...