Shopify Inc reports results for the quarter ended March 31 - Earnings Summary

• Shopify Inc SHOP.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 15 cents to 29 cents per share.

• Revenue rose 26.8% to $2.36 billion from a year ago; analysts expected $2.33 billion.

• Shopify Inc's reported EPS for the quarter was a loss of 53 cents​.

• The company reported a quarterly loss of $682 million.

• Shopify Inc shares had fallen by 4.1% this quarter and lost 14.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "hold"

• Wall Street's median 12-month price target for Shopify Inc is C$155.00

This summary was machine generated from LSEG data May 8 at 01:31 p.m. UTC. ​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)