Equities Analysts Issue Forecasts for Shopify Q1 Earnings

Shopify Inc. (TSE:SHO) – Stock analysts at DA Davidson issued their Q1 2025 earnings estimates for Shopify in a research report issued on Wednesday, February 12th. DA Davidson analyst G. Luria forecasts that the company will post earnings of $0.23 per share for the quarter. DA Davidson also issued estimates for Shopify’s FY2025 earnings at $1.56 EPS.

Other research analysts also recently issued research reports about the company. Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. New Street Research raised Shopify to a “hold” rating in a research note on Friday, January 10th. Benchmark upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday. Loop Capital raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Wedbush raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and eight have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Shopify Price Performance

Shopify (TSE:SHO) last issued its earnings results on Tuesday, November 12th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.13. The company had revenue of C$2.95 billion for the quarter, compared to analyst estimates of C$2.90 billion.

Shopify Company Profile

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.