Factors Setting The Tone For Shopify (SHOP) In Q4 Earnings
Zacks Investment Research | Feb 06, 2019 09:50PM ET
Shopify Inc. (NYSE:SHOP) is set to report fourth-quarter 2018 results on Feb 12.
Notably, the company beat the Zacks Consensus Estimate in the trailing four quarters, delivering average positive surprise of a whopping 195%.
In the last reported quarter, the company delivered adjusted earnings of 4 cents per share against the Zacks Consensus Estimate of a loss of 4 cents. However, the figure was down 20% year over year.
Total revenues surged 58% from the year-ago quarter to $270.1 million, comfortably outpacing the Zacks Consensus Estimate of $257 million.
We believe diversified expanding merchant base will drive top-line growth in the to-be-reported quarter. The company continues to launch a number of merchant-friendly applications to meet the requirements of a dynamic retail environment, in turn bolstering merchant base.
Notably, shares of Shopify have gained 40.8% in the past year, against the Zacks Investment Research
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