Capital One Financial Predicts Higher Earnings for Shopify

Shopify Inc. (TSE:SHO) – Equities research analysts at Capital One Financial upped their FY2024 earnings per share (EPS) estimates for shares of Shopify in a report released on Wednesday, January 15th. Capital One Financial analyst C. Murphy now expects that the company will post earnings of $1.44 per share for the year, up from their prior forecast of $1.39. Capital One Financial also issued estimates for Shopify’s Q4 2024 earnings at $0.64 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.52 EPS and FY2025 earnings at $1.22 EPS.

Shopify (TSE:SHO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.13. The firm had revenue of C$2.95 billion during the quarter, compared to analysts’ expectations of C$2.90 billion.

A number of other research firms have also weighed in on SHO. Loop Capital upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. New Street Research raised shares of Shopify to a “hold” rating in a report on Friday, January 10th. Finally, Wedbush upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and seven have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

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About Shopify

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.