Shopify (SHOP) closed the most recent trading day at $176.52, moving -1.51% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the cloud-based commerce company had gained 33.86% over the past month, outpacing the Computer and Technology sector’s gain of 3.58% and the S&P 500’s gain of 2.05%.
The upcoming earnings release of Shopify will be of great interest to investors. The company’s earnings report is expected on November 3, 2026. The company is predicted to post an EPS of $0.45, indicating a 32.35% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.74 billion, indicating a 31.33% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.89 per share and a revenue of $15.19 billion, demonstrating changes of +61.54% and +31.46%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Shopify. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there’s been a 0.1% rise in the Zacks Consensus EPS estimate. Shopify is currently a Zacks Rank #2 (Buy).
Looking at valuation, Shopify is presently trading at a Forward P/E ratio of 94.63. Its industry sports an average Forward P/E of 14.98, so one might conclude that Shopify is trading at a premium comparatively.
We can additionally observe that SHOP currently boasts a PEG ratio of 2.86. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company’s expected earnings growth trajectory. By the end of yesterday’s trading, the Internet – Services industry had an average PEG ratio of 1.81.
