Shopify (SHOP) To Report Q4 Earnings: What's In The Cards?
Zacks Investment Research | Feb 12, 2018 11:00PM ET
Shopify Inc. (NYSE:SHOP) is set to report fourth-quarter 2017 results on Feb 15. Notably, the company’s earnings have outpaced the Zacks Consensus Estimate in three out of the four trailing quarters, with an average positive surprise of 166.5%.
In the last quarter, Shopify reported non-GAAP earnings of 5 cents per share, which beat the Zacks Consensus Estimate of a loss of 2 cents per share. The figure also improved from a loss of 2 cents per share reported in the year-ago quarter.Moreover, revenues jumped 72% from the year-ago quarter to $171.5 million, comfortably surpassing the Zacks Consensus Estimate of $166 million.
Shopify continues to launch a number of merchant-friendly applications to meet the requirements of a dynamic retail environment, thereby adding to its merchant base which gets reflected in the year-over-year top-line growth.
We expect the company’s merchant focus strategy and strong partner referral system to expand its customer base, ultimately driving the top line. Moreover, the availability of Apple Pay (NASDAQ:AAPL) and addition of eBay (NASDAQ:EBAY) , Amazon (NASDAQ:AMZN) , Facebook (NASDAQ:FB) Messenger and Instagram as sales channels will have a significant impact on the top line in the soon-to-be reported quarter.
Shopify Inc. Price and EPS Surprise
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