Wedbush Issues Negative Estimate for Shopify Earnings

Shopify Inc. (TSE:SHO) – Equities research analysts at Wedbush reduced their Q2 2025 earnings per share estimates for shares of Shopify in a report issued on Tuesday, April 15th. Wedbush analyst S. Devitt now forecasts that the company will post earnings of $0.27 per share for the quarter, down from their previous estimate of $0.32. Wedbush currently has a “Strong-Buy” rating on the stock. Wedbush also issued estimates for Shopify’s Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.35 EPS and FY2026 earnings at $1.97 EPS.

Other equities analysts have also recently issued reports about the stock. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 17th. New Street Research raised shares of Shopify to a “hold” rating in a research report on Friday, January 10th. Finally, Benchmark upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and eight have issued a strong buy rating to the company. Based on data from MarketBeat, Shopify has a consensus rating of “Buy”.

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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.