
Shopify Inc. will release its quarterly earnings report this week. The earnings per share could come at $0.20, representing a 42% increase on a year-over-year basis. The share is facing massive selling pressure, and an upbeat earnings result might offer a potential bullish opportunity at any time.
SHOP EPS Estimate Looks Potent To Bulls
According to Wall Street analysts, revenues are anticipated to increase by 18.3% from the previous quarter, reaching $2 billion.
Moreover, the consensus EPS estimate for the quarter has been revised upward by 3.8% in the past 30 days, which indicates an optimistic outlook for the stock. Any modifications to earnings estimates could be valuable in anticipating investors' potential reactions to the stock.
According to analysts' collective assessments, revenues from merchant solutions are anticipated to surpass $1.47 billion, representing a 17.6% increase from the previous quarter.