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ChannelAdvisor (ECOM) to Post Q2 Earnings: What's in Store?
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ChannelAdvisor will release second-quarter 2020 results on Aug 6.
The company anticipates quarterly revenues of $37.3 million. The Zacks Consensus Estimate for revenues is pegged at $34.1 million, suggesting 6.8% year-over-year growth.
The Zacks Consensus Estimate for second-quarter earnings is pegged at 20 cents per share. The consensus mark suggests sharp improvement from the year-ago quarter’s 5 cents per share.
The company’s earnings beat estimates in all of the trailing four quarters, the average surprise being 136.7%.
Let’s see how things have shaped up for the upcoming announcement.
ChannelAdvisor’s second-quarter performance is likely to have benefited from the rising demand for its cloud-based solutions amid the coronavirus crisis. The company offers a cloud platform that helps brands and retailers improve their online performance by expanding sales channels, and facilitate communication with consumers around the world.
The social-distancing measures rolled out by economies across the world to contain the spread of COVID-19 have compelled organizations to shift to online business model.
During the second-quarter prelim results announced on Jul 24, ChannelAdvisor stated that it witnessed elevated e-commerce spending throughout the quarter thanks to the shift in consumer-buying habits amid the pandemic. This trend is likely to have boosted its top-line performance during the period in discussion.
Additionally, the company’s disciplined cost management and scalability of its business model are likely to have contributed to significant year-over-year improvement in second-quarter profitability.
What Our Model Says
Our proven model predicts an earnings beat for ChannelAdvisor this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
ChannelAdvisor carries a Zacks Rank of 3 and has an Earnings ESP of +52.54%, at present.
Other Stocks With Favorable Combinations
Here are some other companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
Synaptics (SYNA - Free Report) has an Earnings ESP of +10.6 % and currently carries a Zacks Rank of 2.
Benefitfocus has an Earnings ESP of +6.25% and carries a Zacks Rank of 2, currently.
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Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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ChannelAdvisor (ECOM) to Post Q2 Earnings: What's in Store?
ChannelAdvisor will release second-quarter 2020 results on Aug 6.
The company anticipates quarterly revenues of $37.3 million. The Zacks Consensus Estimate for revenues is pegged at $34.1 million, suggesting 6.8% year-over-year growth.
The Zacks Consensus Estimate for second-quarter earnings is pegged at 20 cents per share. The consensus mark suggests sharp improvement from the year-ago quarter’s 5 cents per share.
The company’s earnings beat estimates in all of the trailing four quarters, the average surprise being 136.7%.
Let’s see how things have shaped up for the upcoming announcement.
ChannelAdvisor Corporation Price and Consensus
ChannelAdvisor Corporation price-consensus-chart | ChannelAdvisor Corporation Quote
Factors at Play
ChannelAdvisor’s second-quarter performance is likely to have benefited from the rising demand for its cloud-based solutions amid the coronavirus crisis. The company offers a cloud platform that helps brands and retailers improve their online performance by expanding sales channels, and facilitate communication with consumers around the world.
The social-distancing measures rolled out by economies across the world to contain the spread of COVID-19 have compelled organizations to shift to online business model.
During the second-quarter prelim results announced on Jul 24, ChannelAdvisor stated that it witnessed elevated e-commerce spending throughout the quarter thanks to the shift in consumer-buying habits amid the pandemic. This trend is likely to have boosted its top-line performance during the period in discussion.
Additionally, the company’s disciplined cost management and scalability of its business model are likely to have contributed to significant year-over-year improvement in second-quarter profitability.
What Our Model Says
Our proven model predicts an earnings beat for ChannelAdvisor this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
ChannelAdvisor carries a Zacks Rank of 3 and has an Earnings ESP of +52.54%, at present.
Other Stocks With Favorable Combinations
Here are some other companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
Cogent Communications Holdings (CCOI - Free Report) has an Earnings ESP of +11.66% and carries a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Synaptics (SYNA - Free Report) has an Earnings ESP of +10.6 % and currently carries a Zacks Rank of 2.
Benefitfocus has an Earnings ESP of +6.25% and carries a Zacks Rank of 2, currently.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>