Shopify Inc <SHOP.OQ> expected to post earnings of 26 cents a share - Earnings Preview

• Shopify Inc SHOP.OQ, SHOP.O is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025

• The Ottawa Ontario-based company is expected to report a 25.3% increase in revenue to $2.331 billion from $1.86 billion a year ago, according to the mean estimate from 39 analysts, based on LSEG data.The company's guidance on February 11 2025, for the period ended March 31, was for revenue between $2.31 billion and $2.34 billion.

• ​LSEG's mean analyst estimate for Shopify Inc is for earnings of 26 cents per share.

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 34 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for Shopify Inc is $120.00​, above​ its last closing price of $98.38. ​​​

The company's guidance on February 11 2025 for the period ended March 31 was for gross profit margin between USD21% and USD23%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated May 6 at 13:17 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)