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.
Shopify (SHOP) Reports Q3 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended September 2023, Shopify (SHOP - Free Report) reported revenue of $1.71 billion, up 25.5% over the same period last year. EPS came in at $0.24, compared to -$0.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.67 billion, representing a surprise of +2.94%. The company delivered an EPS surprise of +60.00%, with the consensus EPS estimate being $0.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Shopify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross Merchandise Volume (GMV): $56.21 billion compared to the $53.85 billion average estimate based on six analysts.
Gross Payments Volume (GPV): $32.76 billion compared to the $31.12 billion average estimate based on five analysts.
Monthly Recurring Revenue (MRR): $141 million versus the five-analyst average estimate of $140.29 million.
Shopify Plus contributed: $44 million compared to the $42.82 million average estimate based on four analysts.
Revenues- Merchant solutions: $1.23 billion compared to the $1.20 billion average estimate based on 14 analysts. The reported number represents a change of +24.1% year over year.
Revenues- Subscription solutions: $486 million versus $463.13 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +29.2% change.
Gross Profit- Merchant solutions: $503 million versus the eight-analyst average estimate of $477.08 million.
Gross Profit- Subscription solutions: $398 million compared to the $376.50 million average estimate based on six analysts.
Shares of Shopify have returned -7.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Shopify (SHOP) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Shopify (SHOP - Free Report) reported revenue of $1.71 billion, up 25.5% over the same period last year. EPS came in at $0.24, compared to -$0.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.67 billion, representing a surprise of +2.94%. The company delivered an EPS surprise of +60.00%, with the consensus EPS estimate being $0.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Shopify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross Merchandise Volume (GMV): $56.21 billion compared to the $53.85 billion average estimate based on six analysts.
- Gross Payments Volume (GPV): $32.76 billion compared to the $31.12 billion average estimate based on five analysts.
- Monthly Recurring Revenue (MRR): $141 million versus the five-analyst average estimate of $140.29 million.
- Shopify Plus contributed: $44 million compared to the $42.82 million average estimate based on four analysts.
- Revenues- Merchant solutions: $1.23 billion compared to the $1.20 billion average estimate based on 14 analysts. The reported number represents a change of +24.1% year over year.
- Revenues- Subscription solutions: $486 million versus $463.13 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +29.2% change.
- Gross Profit- Merchant solutions: $503 million versus the eight-analyst average estimate of $477.08 million.
- Gross Profit- Subscription solutions: $398 million compared to the $376.50 million average estimate based on six analysts.
View all Key Company Metrics for Shopify here>>>Shares of Shopify have returned -7.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.