Shopify’s first quarter earnings per share not only crushed analysts’ estimates, but also surged more than +100% from the year-ago period.
The Canadian e-commerce company raked in 9 cents per share, compared with a loss of -5 cents estimated by analysts, according to IBES data from Refinitiv. The figure is more than double the year-ago quarter’s 4 cents.
Revenue for the quarter came in at $320.5 million, beating estimates of $309.4 million. Shopify's subscription business grew +40% to $140.5 million, emerging as a major driver of a +50% year-over-year growth in total revenue.
However, adjusted operating loss for the first quarter was 0.4% of revenue, (or $1.4 million), wider than the operating loss for the first quarter of 2018 that was 0.1% of revenue (or $200,000).
Looking ahead, Shopify expects its next quarter revenue to be in the range of $345 million to $350 million, with adjusted operating loss of -$6 million to -$8 million (excluding stock-based compensation expenses and related payroll taxes of $40 million).
For the full-year 2019, the company predicts that revenue would be $1.5 billion with adjusted operating income in the range of $20 to $30 million (excluding stock-based compensation expenses and related payroll taxes of $160 million).
Shopify shares jumped more than +8% on the earnings report.
SHOP's Aroon Indicator triggered a bullish signal on June 26, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 269 similar instances where the Aroon Indicator showed a similar pattern. In of the 269 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of eCommerce website that allows customers to sell online by providing software to create an online store
Industry PackagedSoftware