Shopify Inc. Technology | Application Software | Canada Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of their business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships, and leverage analytics and reporting. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.
Shopify Inc. (SHOP) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, August 1, 2017. The consensus estimate is for a loss of $0.07 per share on revenue of $143.51 million and the Earnings Whisper ® number is ($0.05) per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat The company's guidance was for revenue of $142.00 million to $144.00 million. Consensus estimates are for earnings to decline year-over-year by 40.00% with revenue increasing by 65.63%. Short interest has increased by 49.6% since the company's last earnings release while the stock has drifted higher by 15.6% from its open following the earnings release to be 43.7% above its 200 day moving average of $64.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, July 24, 2017 there was some notable buying of 3,692 contracts of the $90.00 call expiring on Friday, August 18, 2017. The stock has averaged a 7.5% move on earnings in recent quarters.
