Shopify (SHOP) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 128.57%. A quarter ago, it was expected that this cloud-based commerce company would post earnings of $0.78 per share when it actually produced earnings of $2.01, delivering a surprise of 157.69%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Shopify, which belongs to the Zacks Internet – Services industry, posted revenues of $1.12 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 7.14%. This compares to year-ago revenues of $714.34 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based