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SHOP earnings call for the period ending September 30, 2024.
Shopify (NYSE: SHOP) stock is surging in Tuesday's trading following the release of the company's third-quarter earnings report. The e-commerce specialist's share price was up 25.6% as of 11 a.m. ET.
Shopify's (SHOP) third-quarter results are likely to reflect the impacts of the increasing adoption of merchant-friendly applications amid the continued momentum in e-commerce activities.
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In this video, I will cover Shopify's (NYSE: SHOP) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices ...
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Shopify's management team still sees solid earnings and sales growth ahead in 2024, with revenue likely to rise in the low-to-mid 20% range in Q2 after adjusting for the sale of its logistics arm.
Shopify trades at a price-to-earnings ratio (P/E) of 70 using estimated 2024 earnings. That seems expensive since the broader market ( S&P 500 ) trades at an average of 21 times earnings estimates.