FY2024 Earnings Estimate for Shopify Issued By DA Davidson

Shopify Inc. (TSE:SHO) – Equities researchers at DA Davidson upped their FY2024 earnings per share estimates for shares of Shopify in a research note issued on Wednesday, November 13th. DA Davidson analyst G. Luria now expects that the company will earn $1.24 per share for the year, up from their prior forecast of $0.96. DA Davidson also issued estimates for Shopify’s Q4 2024 earnings at $0.45 EPS and FY2025 earnings at $1.59 EPS.

Shopify (TSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, topping the consensus estimate of C$0.24 by C$0.13. The business had revenue of C$2.95 billion for the quarter, compared to the consensus estimate of C$2.90 billion.

A number of other research firms have also weighed in on SHO. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a report on Thursday, September 5th. Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Evercore ISI upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Argus upgraded Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Shopify Stock Performance

About Shopify

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.