Shopify Inc. (NYSE:SHOP) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SHOP to report 3Q20 income of $ 0.53 per share.
For the full year, analysts anticipate top line of $ 2613.69 million, while looking forward to income of $ 2.51 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,130.00 million ~ $ 2,160.00 million
Click Here For More Historical Outlooks Of Shopify Inc.
Previous Quarter Performance
Shopify Inc. disclosed income for the second quarter of $ 1.05 per share, from the revenue of $ 714.34 million. The quarterly earnings extended 950.00 percent while revenues extended 97.34 percent compared with the same quarter last year. The top line results outshined analysts by $ 200.51 million or 39.02 percent.
Stock Performance
Shares of Shopify Inc. traded low $ -56.18 or -5.19 percent on Wednesday, reaching $ 1,026.71 with volume of 1.55 million shares. Shopify Inc. has traded high as $ 1,067.09 and has cracked $ 1,016.83 on the downward trend
According to the previous trading day, closing price of $ 1,026.71, representing a 283.89 % increase from the 52 week low of $ 282.08 and a 5.58 % decrease over the 52 week high of $ 1146.91.
The company has a market capital of $ 124.30 billion and is part of the Technology sector and Software – Application industry.
Conference Call
Shopify Inc. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.shopify.com
Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.
