Shopify (TSE:SHO) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Shopify (TSE:SHO) announced its quarterly earnings data on Tuesday. The company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.13, reports. The business had revenue of C$2.95 billion during the quarter, compared to analyst estimates of C$2.90 billion.

Shopify Price Performance

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Evercore ISI raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised shares of Shopify to a “hold” rating in a research note on Thursday, September 5th. Argus upgraded Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Shopify Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.