Is Shopify (SHOP) Stock Worth Buying Ahead of Q1 Earnings?
Shopify(SHOP) Zacks Investment Research·2024-05-06 17:01Shopify (SHOP) is scheduled to report its first-quarter 2024 results on May 8.For the to-be-reported quarter, Shopify expects revenue growth in the low twenties on a year-over-year basis. Adjusting for a 500-600 bps headwind related to the divestiture of the logistics business, revenues are expected to grow in the mid to high twenties on a year-over-year basis.The Zacks Consensus Estimate for revenues is currently pegged at $1.84 billion, suggesting growth of 21.76% from the year-ago quarter’s reported figu ...