Shopify Inc reports results for the quarter ended in March - Earnings Summary

• Shopify Inc SHOP reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of twenty seven analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 11 cents to 33 cents per share.

• Revenue rose 23.4% to $1.86 billion from a year ago; analysts expected $1.85 billion.

• Shopify Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $273 million.

• Shopify Inc shares had risen by 1.2% this quarter and gained 2.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "hold"

Wall Street's median 12-month price target for Shopify Inc is C$100.00

This summary was machine generated from LSEG data May 8 at 02:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)