FY2024 Earnings Forecast for Shopify Inc. Issued By DA Davidson (TSE:SHO)

Shopify Inc. (TSE:SHO) – Equities researchers at DA Davidson lifted their FY2024 earnings estimates for Shopify in a research note issued to investors on Thursday, August 8th. DA Davidson analyst G. Luria now anticipates that the company will earn $0.93 per share for the year, up from their previous forecast of $0.79. DA Davidson also issued estimates for Shopify’s FY2025 earnings at $1.31 EPS.

A number of other equities analysts have also recently weighed in on SHO. Moffett Nathanson cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 6th. JMP Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th. Evercore ISI raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Wolfe Research raised shares of Shopify to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Atb Cap Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Shopify currently has an average rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.05. The business had revenue of C$2.51 billion during the quarter, compared to the consensus estimate of C$2.49 billion.

Shopify Company Profile

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.