We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For the to-be-reported quarter, Shopify expects revenue growth in the high teens on a year-over-year basis. Adjusting for a 400-500 bps headwind related to the divestiture of the logistics business, revenues are expected to grow in the low-to-mid-twenties on a year-over-year basis.
The Zacks Consensus Estimate for revenues is currently pegged at $2.07 billion, suggesting growth of 19.21% from the year-ago quarter’s reported figure.
The consensus mark for earnings is pegged at 31 cents per share, unchanged over the past 30 days. Shopify reported earnings of 7 cents per share in the year-ago quarter.
Let’s see how things have shaped up for the upcoming announcement.
Factors to Note
Shopify’s fourth-quarter 2023 results are expected to have benefited from investments in developing the best solutions for modern e-commerce. These are expected to have helped it expand its merchant base.
Integration of AI through Shopify Magic across products and workflows is helping merchants expand their footprint. Shopify Checkout is helping merchants offer secure and seamless checkout options for customers.
Meanwhile, the continued adoption of Shopify products such as Shop Pay, Shop Pay Installments and Shopify Balance is likely to have driven the company’s top line.
In the last reported quarter, Shop Pay facilitated $12 billion in GMV, an increase of 50% year-over-year. Cross-border GMV was approximately 15% of total GMV in the reported quarter, reflecting the growing adoption of Shopify Pay globally.
These factors are expected to have aided Gross Merchandise Volume (GMV) growth in the to-be-reported quarter. The Zacks Consensus Estimate for GMV is pegged at $71 billion, indicating 16.4% year-over-year growth.
Moreover, the consensus mark for fourth-quarter Subscription solutions revenues is pegged at $407 million. The Zacks Consensus Estimate for Merchant Solutions is pegged at $625 million.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s the exact case here.
Shopify has an Earnings ESP of +1.02% and a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases:
Image: Bigstock
Shopify (SHOP) to Report Q4 Earnings: What's in the Cards?
Shopify (SHOP - Free Report) is scheduled to report its fourth-quarter 2023 results on Feb 13.
For the to-be-reported quarter, Shopify expects revenue growth in the high teens on a year-over-year basis. Adjusting for a 400-500 bps headwind related to the divestiture of the logistics business, revenues are expected to grow in the low-to-mid-twenties on a year-over-year basis.
The Zacks Consensus Estimate for revenues is currently pegged at $2.07 billion, suggesting growth of 19.21% from the year-ago quarter’s reported figure.
The consensus mark for earnings is pegged at 31 cents per share, unchanged over the past 30 days. Shopify reported earnings of 7 cents per share in the year-ago quarter.
Shopify Inc. Price and EPS Surprise
Shopify Inc. price-eps-surprise | Shopify Inc. Quote
Let’s see how things have shaped up for the upcoming announcement.
Factors to Note
Shopify’s fourth-quarter 2023 results are expected to have benefited from investments in developing the best solutions for modern e-commerce. These are expected to have helped it expand its merchant base.
Integration of AI through Shopify Magic across products and workflows is helping merchants expand their footprint. Shopify Checkout is helping merchants offer secure and seamless checkout options for customers.
Meanwhile, the continued adoption of Shopify products such as Shop Pay, Shop Pay Installments and Shopify Balance is likely to have driven the company’s top line.
In the last reported quarter, Shop Pay facilitated $12 billion in GMV, an increase of 50% year-over-year. Cross-border GMV was approximately 15% of total GMV in the reported quarter, reflecting the growing adoption of Shopify Pay globally.
These factors are expected to have aided Gross Merchandise Volume (GMV) growth in the to-be-reported quarter. The Zacks Consensus Estimate for GMV is pegged at $71 billion, indicating 16.4% year-over-year growth.
Moreover, the consensus mark for fourth-quarter Subscription solutions revenues is pegged at $407 million. The Zacks Consensus Estimate for Merchant Solutions is pegged at $625 million.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s the exact case here.
Shopify has an Earnings ESP of +1.02% and a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases:
CrowdStrike (CRWD - Free Report) has an Earnings ESP of +0.53% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
CrowdStrike shares have gained 24.5% year to date. CRWD is set to report its fourth-quarter fiscal 2024 results on Mar 5.
Bruker (BRKR - Free Report) has an Earnings ESP of +1.70% and a Zacks Rank of 2, at present.
Bruker shares have declined 3.8% year to date. BRKR is set to report its fourth-quarter 2023 results on Feb 13.
Akamai Technologies (AKAM - Free Report) has an Earnings ESP of +1.61% and a Zacks Rank #3.
Akamai shares have gained 6.1% year to date. AKAM is set to report its fourth-quarter 2023 results on Feb 13.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.