Shopify (TSE:SHO) Issues Earnings Results, Beats Estimates By $0.13 EPS

Shopify (TSE:SHO) issued its quarterly earnings data on Tuesday. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.13, reports. The company had revenue of C$2.95 billion during the quarter, compared to the consensus estimate of C$2.90 billion.

Shopify Stock Performance

Wall Street Analyst Weigh In

SHO has been the subject of a number of research reports. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research note on Thursday, September 5th. Argus upgraded Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Shopify has an average rating of “Buy”.

About Shopify

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.