|Bid||416.00 x 900|
|Ask||419.50 x 800|
|Day's range||412.02 - 433.36|
|52-week range||190.38 - 593.89|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||N/A|
|Earnings date||27 Apr 2020 - 03 May 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||543.60|
Charles Freund, EVP of Strategy at FLEETCOR By John Jannarone What was the key to the most successful IPOs of the 2010s? The likes of Tesla, Inc. and Shopify Inc. introduced technologies that transformed their industries. Another IPO from an innovative company that delivered some of the best returns of the decade: business payments firm […]
Microsoft, Shopify, Charles Schwab, E-Trade and Morgan Stanley highlighted as Zacks Bull and Bear of the Day
After eBay, Visa, Stripe and other high-profile partners ditched the Facebook -backed cryptocurrency collective, Libra scored a win today with the addition of Shopify. The e-commerce platform will become a member of Libra Association, contributing at least $10 million and operating a node that processes transactions for the Facebook-originated stable coin. If Libra manages to assuage international regulators' concerns, which are currently blocking its roll out, Shopify could gain a way to process transactions without paying credit card fees.
The Zacks Analyst Blog Highlights: VMware, Applied Materials, Equinix, Shopify and Johnson Controls International
(Bloomberg) -- Canada’s homegrown tech company Shopify Inc. is on a tear.After surging annually since its 2015 initial public offering, it has rallied 36% to a market value of almost C$82 billion ($62 billion) in 2020, making it the seventh largest company on the S&P/TSX Composite Index. That puts it about C$8 billion away from usurping Bank of Nova Scotia -- the fifth biggest company. Canadian National Railway Co. -- is No. 6 on the benchmark.Shopify’s value has climbed about C$7.9 billion just this week as fourth-quarter revenue topped analysts’ estimates and the provider of online shopping tools gave an optimistic forecast for the year.Shares of Shopify have skyrocketed to fresh records amid a dearth of quality tech companies on the S&P/TSX Composite Index. The benchmark tech gauge has a mere 10 members compared with over 71 on the S&P 500’s tech index, which includes FAANG giants such as Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google parent Alphabet Inc.Still, Shopify’s meteoric rise has some analysts calling for caution. Credit Suisse analyst Brad Zelnick downgraded the stock to the equivalent of a hold on its “lofty valuation” but raised his share price target for the U.S.-listed stock to $575 from $450. He did, however, contend that company has a “great business.” The stock is currently sitting at about $527.Markets -- Just The NumbersChart of The WeekPoliticsPrime Minister Justin Trudeau said the government will do everything it can to resolve protests that have crippled parts of the country’s railways, leading to disruptions in passenger travel and the shipment of key goods. RBC Capital Markets said the demonstrations are another reason the Bank of Canada will be “biased to ease.”Get the latest news on the pipeline protests hereThe coronavirus continues to spread within China. Finance Minister Bill Morneau said that the epidemic will take a “real” toll on Canada’s economy given it’s global knock-on effects. Reduced tourism from China and lower commodity prices will also impact Canada’s growth.EconomyA new survey showed that Canadians are growing increasingly confident of getting a job with better pay were they to leave their current workplace, another indication of the health of the nation’s labor market as the unemployment rate sits at historic lows and wages climb near the fastest pace since the recession.The housing market in major Canadian cities continued to tighten as home sales fell and prices rose in January. A combination of steady population growth, low unemployment and cheap borrowing costs have brought buyers into the market but shrinking supply is damping transactions and driving bids for homes higher in places like Toronto.Up next, economists will be watching manufacturing sales figures on Feb. 18, inflation data due Feb. 19 and retail sales expected on Feb. 21. The stock market is closed on Monday for a holiday in Ontario and some other provinces.TrendingInCanada1\. Former Mississauga Mayor Hazel McCallion, also known as “Hurricane Hazel” turned 99 with NHL’s Maple Leafs team celebrating her birthday. She was in office for 12 terms before stepping back in 2014.2\. An extreme cold warning alert was issued for the city of Toronto Friday as temperatures dip below 30 degrees Celsius (that’s -22 degrees Farenheit).\--With assistance from Shelly Hagan.To contact the reporter on this story: Divya Balji in Toronto at firstname.lastname@example.orgTo contact the editors responsible for this story: Kyung Bok Cho at email@example.com, Jacqueline Thorpe, Danielle BochoveFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shopify (SHOP) impressed investors with a big beat on both top and bottom lines: 43 cents per share versus 23 cents expected, on $505.2 million which easily surpassed the Zacks consensus $482.3 million.
(Bloomberg) -- Shopify Inc. reported fourth-quarter revenue that topped analysts’ estimates and gave an optimistic forecast for this year, boosted by holiday shopping and add-on services such as payment and marketing tools. The shares surged the most in almost four years.Sales grew by 47% to $505.2 million in the quarter, Ottawa-based Shopify said in a statement Wednesday. Analysts expected $481.6 million, according to data compiled by Bloomberg. For 2020, Shopify said it sees revenue of $2.13 billion to $2.16 billion, compared with analysts’ projection for $2.12 billion.The key metric of gross merchandise volume, which represents the value of all goods sold on the platform, increased 47% from a year earlier. Over the Black Friday/Cyber Monday holiday weekend, merchants on Shopify’s platform, which now number more than 1 million, made more than $2.9 billion in sales, up from $1.8 billion a year earlier, according to the company.The New York-listed shares jumped as much as 15.5% at 9:30 a.m. Wednesday, to a new record of $569.10.The stock has risen more than 70% from November, boosted by the pace of revenue growth and amid optimism for a fulfillment center plan announced last year. Shopify said in June that it will invest $1 billion in facilities over five years to help merchants on its platform deliver products quickly and easily, following a path blazed by Amazon.com Inc. A few months later, Shopify made its biggest acquisition yet, paying $450 million for 6 River Systems, a warehouse robotics company.Shopify helps businesses open their own digital stores across multiple channels, including social media, through its platform. The company also provides point-of-sale services in brick-and-mortar stores, competing with Square Inc.The company also swung to a profit in the fourth quarter, reporting $771 million, compared with a loss of $1.5 billion a year earlier. Profit excluding some costs was 43 cents a share in the quarter, beating analysts’ projection for 24 cents.“Shopify’s 4Q 2019 performance was impressive in our view,” said Anthony Chukumba, an analyst at Loop Capital Markets, in a note following the results. “We were particularly encouraged by the gross merchandise volume (GMV) growth, which further demonstrates how Shopify is ‘democratizing commerce’ and providing value to its merchants.”Besides fulfillment centers, the company has rolled out tools such as chat and email, as well as video and 3D modeling for products to help merchants improve marketing and build direct relationships with buyers. Such investments combined with the company’s push to capture international markets could prevent any significant margin expansion in 2020, said Anurag Rana, a senior analyst with Bloomberg Intelligence, in a Feb. 5 note.Chief Financial Officer Amy Shapero acknowledged on an earnings call that 2020 is “clearly a year of heavy investment” for Shopify, but the company expects to see strong growth from the resulting increase in clients and gross merchandise volume, she added.Shopify said it expects an operating loss in the range of $324 million to $344 million in 2020.While it mainly caters to small and medium businesses, Shopify also counts high-profile brands such as Gatorade, Aerosoles, Victoria Beckham Beauty, Heineken, and SpaceX. Shopify Plus, a segment geared toward companies with high sales volumes, has been key to attracting such larger brands. Shopify Plus contributed 27% of the company’s overall monthly recurring revenue, compared with 25.4% in the same quarter last year.To contact the reporter on this story: Nikitha Sattiraju in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Molly Schuetz at email@example.com, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shopify (SHOP) delivered earnings and revenue surprises of 86.96% and 4.75%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?