Baird attributed the general outperformance to holiday GMV growth, broad Merchant Solutions adoption and mid-market penetration of Plus.
"We believe these results support our bullish view of Shopify and its massive e-commerce platform opportunity, deserving of a premium valuation ," Sebastian wrote.
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"While shares trade at a premium to the high growth software peer group (22x EV/S), we believe that sentiment and business momentum remain positive, given the track record of outperformance, upside in the payment takerate/penetration and growth potential in markets such as France, Germany and Japan, which contribute less than 5% of revenue," analyst Timothy Willi wrote.
Many things are taking place:
Earnings Preview: Can Strong Numbers Sustain the Rally in Shopify Stock? | Nasdaq
E-commerce solutions provider Shopify (NYSE:) is set to report fourth quarter numbers before the market opens on Wednesday, February 12. Those numbers should be pretty good â€Â" like really good. But, Shopify stock is up more than 50% since the company last reported earnings. All of that gain has come in anticipation of strong fourth quarter numbers, since shares actually dropped on disappointing third quarter numbers.
Shopify Stock Moves Further Into Overbought Territory
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Looking ahead, the company expects first quarter revenue of $440 million to $446 million versus a $444 million consensus and full-year revenue of between $2.13 billion and $2.16 billion compared to a $2.12 billion consensus.
The author holds no position in the stock(s) mentioned except through passively managed index funds.
Shopify COO on Q4 earnings, holiday sales and business investments
Were you following this:
Shopify Q4 Earnings Reveal a Company That is Not Slowing Down
Shopify released its Q4 and 2019 earnings yesterday, and the company surpassed Wall Street estimates by increasing revenues 47% Year-over-Year.
“2019 was a milestone year for us. We've earned the trust of more than one million merchants and we are motivated more than ever to keep lowering the learning curve so anyone, anywhere can become an entrepreneur.”
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From the start of Black Friday in New Zealand, through the end of Cyber Monday in California, sales on Shopify’s platform reached more than $2.9 billion , with the majority coming from mobile devices. This compares with more than $1.8 billion in GMV for the Black Friday Cyber Monday period in 2018.
Today's Pickup: Shopify Taking Slow Road In Gunning For Amazon On Fulfillment
Shopify (NYSE: SHOP ) offered a glimpse of its plans to carefully build out its fulfillment network — and wade deeper into Amazon.com, Inc. 's (NASDAQ: AMZN ) territory — as the Canadian e-commerce company reported a 47% increase in revenue during the fourth quarter.
The company said it intends to continue its "measured approach" to growing the Shopify Fulfillment Network by focusing on merchant experience and "adding scale only at the rate at which service levels can be maintained."
Shopify Stock Has Surged. For One Analyst, It's Gone Far Enough. - Barron's
Shopify 's fourth-quarter earnings were just a little too good for Credit Suisse 's tastes.
This week, the e-commerce software compan y reported $505.2 million in fourth-quarter revenue and 43 cents per share in adjusted earnings . That was well ahead of analysts' consensus around $482 million in revenue and 24 cents per share in adjusted earnings.
Shopify stock (ticker: SHOP) surged more than 17% immediately after it reported fourth-quarter earnings on Wednesday. It has given back some of those gains but was still up about 9% over its pre-earnings level, as of Thursday evening. The company's stock has gained a phenomenal 210% over the past 12 months, compared with a 23% rise for the S&P 500 .
Coohom 3D app now on Shopify - Furniture Today
SANTA CLARA, Calif. – Coohom , a 3D visualization company with customers in the home furnishings industry, has launched its 3D viewer app on Shopify.
The 3D viewer technology created by Coohom uses real-time rendering to display 3D models of products. The company said this means that merchants who use Shopify will be able to plug into the Coohom platform to use 3D technology which will display products more clearly and be able to reveal all product variations.
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