Earnings Preview: What To Expect From Shopify On Wednesday
Shopify Inc. is scheduled to report earnings before Wednesday’s open. The stock hit a record high of $1,074.98/share in 2020 and is currently trading near $1,006/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Shopify is expected to report earnings of $0.00/share on $455.95 million in revenue. Meanwhile, the so-called Whisper number is $0.09. The Whisper number is the Street’s unofficial view on earnings.
Shopify Inc. SHOP , a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, 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, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news.