Shopify (NYSE:SHOP) is set to give its latest quarterly earnings report on Tuesday, 2024-02-13. Here's what investors need to know before the announcement.
Analysts estimate that Shopify will report an earnings per share (EPS) of $0.31.
Shopify bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat EPS by $0.10, which was followed by a 2.96% increase in the share price the next day.
Here's a look at Shopify's past performance and the resulting price change:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.14 | 0.06 | -0.04 | -0.01 |
| EPS Actual | 0.24 | 0.14 | 0.01 | 0.07 |
| Price Change % | 2.96% | -5.43% | 8.25% | -15.88% |
Stock Performance
Shares of Shopify were trading at $90.72 as of February 09. Over the last 52-week period, shares are up 79.87%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Shopify visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Disclaimer:
The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.
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