Equities Analysts Set Expectations for Shopify Inc.’s Q3 2024 Earnings (TSE:SHO)

Shopify Inc. (TSE:SHO) – Research analysts at Seaport Res Ptn lifted their Q3 2024 EPS estimates for shares of Shopify in a note issued to investors on Monday, October 7th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will earn $0.26 per share for the quarter, up from their previous forecast of $0.24. Seaport Res Ptn also issued estimates for Shopify’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $1.13 EPS, Q1 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $1.50 EPS.

Several other equities research analysts have also recently commented on SHO. Wolfe Research raised shares of Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Evercore ISI raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Argus raised shares of Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised shares of Shopify to a “hold” rating in a research report on Thursday, September 5th. Finally, Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, one has given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.10. The firm had revenue of C$2.80 billion for the quarter, compared to analysts’ expectations of C$2.75 billion.

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.