Shopify (SHO) to Release Earnings on Tuesday

Shopify (TSE:SHO) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of C$0.37 per share for the quarter.

Shopify (TSE:SHO) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.10. The business had revenue of C$2.80 billion during the quarter, compared to the consensus estimate of C$2.75 billion.

Shopify Stock Performance

Wall Street Analysts Forecast Growth

SHO has been the topic of several recent analyst reports. Argus raised 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 note on Thursday, September 5th. Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Wolfe Research raised Shopify to a “strong-buy” rating in a research note on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and five have issued a strong buy rating to the company’s stock. According to MarketBeat, Shopify presently has an average rating of “Buy”.

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.