Wall Street expects a year-over-year increase in earnings on higher revenues when Shopify (SHOP) reports results for the quarter ended September 2020. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 29, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
Many things are taking place:
Operation HOPE and Shopify to help create one million Black-owned businesses - Face2Face Africa
Abu Mubarik is a journalist with years of experience in digital media. He loves football and tennis.
Operation HOPE, a non-profit organization providing financial literacy in underserved communities, and e-commerce firm Shopify have teamed up to help create one million Black-owned businesses in the next 10 years.
The initiative dubbed "HOPE One Million New Black Business & New Black Entrepreneurship Initiative (1MBB)" will see Shopify provide up to approximately $130 million of resources through 1MBB over the course of the program, a press statement by Operation Hope said.
Baystreet.ca - Why Shopify Is Likely To Be Expensive For A Long Time
Shippo has been selected for the Shopify Plus Certified App Program
If you've ever purchased something online, and it wasn't from Amazon or another established outlet, there's a good chance you made that purchase on a Shopify-powered shop. Shopify makes it extremely easy for almost anyone to start selling their products on the web.
Being a member of the Shopify Plus Certified App Program means that Shippo has proven that it provides a reliable platform, solid customer service, and more to meet the guidelines for Shopify's program.
Many things are taking place:
Group Buying Shopify App, PowerBuy, Announces New Multi Product Group PowerBuy Gamification
PowerBuy allows merchants to offer deals on products once a minimum number of buyers have joined the deal, encouraging those who join to drive down the price by sharing the deal.
The new Multi Product Group Buying feature makes it a breeze for the shopper to add to their ongoing PowerBuy and even complete a PowerBuy themselves.
The app recommends other trending and relevant products a shopper may have missed using artificial intelligence (AI) and machine learning (ML) technology. A shopper can achieve the PowerBuy quantity minimum while increasing their order value when adding multiple products with the same percentage discount to their PowerBuy cart.
Don't Mess With Shopify Stock at Today's High Prices | InvestorPlace
Shopify (NYSE: SHOP ) has done extremely well this year, both financially and for its shareholders. For example, Shopify stock is up over 250% in the last 12 months, and it has rallied 166% in 2020.
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Shopify provides a multi-channel platform for online sellers. Its earnings and sales have grown rapidly in the past several years.
However, the valuation of Shopify stock is very stretched right now. In fact, the shares have a forward price-earnings ratio of 476 times. Meanwhile analysts polled by Seeking Alpha ,, on average, expect its earnings per share to fall from $2.42 this year to $2.22 next year.
Covid-19 is irreversibly accelerating the growth of e-commerce
Toronto : The Canadian "Shopify" platform, which relies on a model that is in contrast to that prevailing in "Amazon", has become one of the biggest beneficiaries of the crisis after many companies resorted to it, which the epidemic forced to rely on e-commerce.
"The world of commerce as we imagined it in 2030 has become a tangible reality in 2020," says Shopify chief Harley Finkelstein, noting that "the Covid-19 epidemic has accelerated the growth of e-commerce irreversibly."
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Many technology stocks have been skyrocketing this year due to a spike in demand for their services based on changing consumer behavior caused by the coronavirus pandemic. The NASDAQ 100 Technology Sector index, which can be seen as a benchmark indicator for the performance of the technology sector, has gained 22.7% year-to-date, versus the S&P 500's 6.6% return over the same period.
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