Shopify (SHOP) closed at $173.48 in the latest trading session, marking a +1.41% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.28%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq lost 0.02%.
Shares of the cloud-based commerce company have appreciated by 24.03% over the course of the past month, outperforming the Computer and Technology sector’s loss of 2.28%, and the S&P 500’s gain of 0.67%.
The investment community will be paying close attention to the earnings performance of Shopify in its upcoming release. The company is slated to reveal its earnings on November 3, 2026. The company is forecasted to report an EPS of $0.45, showcasing a 32.35% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $3.74 billion, indicating a 31.33% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.89 per share and a revenue of $15.19 billion, signifying shifts of +61.54% and +31.46%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Shopify. These latest adjustments often mirror the shifting dynamics of short-term <a href="https://bitcomme.com/spacexs-ai-business-is-beating-expectations/” title=”SpaceX's AI business is beating expectations”>business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. Shopify is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Shopify is holding a Forward P/E ratio of 90.32. This represents a premium compared to its industry average Forward P/E of 14.91.
It’s also important to note that SHOP currently trades at a PEG ratio of 2.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. SHOP’s industry had an average PEG ratio of 1.61 as of yesterday’s close.
