A Preview Of Shopify's Earnings
Portfolio Pulse from Benzinga Insights
Shopify (NYSE:SHOP) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts estimating an EPS of $0.31. Historical data shows Shopify has a mixed record of beating EPS estimates, with share price reactions varying accordingly. Shares are currently trading at $90.72, up 79.87% over the last 52 weeks, indicating a positive sentiment among long-term shareholders ahead of the earnings announcement.
February 12, 2024 | 3:01 pm
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POSITIVE IMPACT
Shopify is anticipated to report an EPS of $0.31 for the upcoming quarter. Historical performance shows variability in beating EPS estimates, with share prices reacting accordingly. Currently, shares have seen a significant increase over the past year.
Given Shopify's history of mixed reactions to earnings reports and the current positive trend in its stock price, the upcoming earnings report is likely to have a positive short-term impact. The anticipation of beating the EPS estimate and providing positive guidance could further boost investor confidence, potentially leading to an increase in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100