You want the Shopify? (NYSE: SHOP ) I'm not at all surprised. But charts like theirs scare me. Valuations like theirs frustrate me (300X annualized earnings). The amount of press coverage this admittedly successful upstart is receiving worries me. The company just reported its 4th Quarter 2019 earnings (from Investor's Business Daily, Feb. 12, 2020)
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Shopify stock vaulted 13.1% to near 557 in morning trades on the stock market today, and touched an all-time high of 593.89 earlier in the session.
Many things are taking place:
CANADA STOCKS-TSX hits record high on oil rally, Shopify surge - Reuters
Feb 12 (Reuters) - Canada’s main stock index hit an all-time high on Wednesday, driven by energy stocks as oil prices jumped on optimism over fewer new coronavirus cases, while Shopify shot up 20% on upbeat quarterly earnings.
* At 09:39 a.m. ET (14:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 72.71 points, or 0.41%, at 17,849.82.
* The energy sector climbed 2.1% as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover.
Shopify's stock soars toward a record after adjusted profit and revenue rise above forecasts
Shopify, Teva Rise; Western Union, Lyft Fall - The New York Times
The ride-hailing service disappointed investors by sticking to its long-term forecast for profitability by the end of 2021.
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The e-commerce company reported a surge in revenue that helped it blow away Wall Street's fourth-quarter earnings forecasts.
The owner of Calvin Klein and other brands reaffirmed its profit forecast for the year, despite the new coronavirus' impact on sales.
The advertising and marketing services company's fourth-quarter profit and revenue beat Wall Street expectations.
Check out this next:
Shopify sees boost from software changes, new merchants | TheSpec.com
Shopify Inc.'s stock skyrocketed to a record level after the e-commerce company reported 47 per cent revenue growth compared with the same quarter last year.
The Ottawa-based retail technology business saw its stock spike by more than 17 per cent to reach $771.81 in early trading on Wednesday morning.
The jump followed Shopify, which keeps its books in U.S. dollars, reporting that its revenue totalled nearly $505.2 million for the three-month period that ended Dec. 31, up from about $343.9 million a year earlier.
Shopify Q4 2019 Earnings Preview - Shopify Inc. (NYSE:SHOP) | Seeking Alpha
Shopify (NYSE: SHOP ) is scheduled to announce Q4 earnings results on Wednesday, February 12th, before market open.
The consensus EPS Estimate is $0.24 (-7.7% Y/Y) and the consensus Revenue Estimate is $482.08M (+40.2% Y/Y).
Over the last 2 years, SHOP has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 4 upward revisions and 1 downward.
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