Shopify Inc. Forecasted to Earn Q1 2024 Earnings of $0.03 Per Share (TSE:SHO)

Shopify Inc. (TSE:SHO – Get Rating) – Equities research analysts at DA Davidson reduced their Q1 2024 earnings estimates for shares of Shopify in a research report issued on Wednesday, July twentieth. DA Davidson analyst T. Forte now anticipates that the corporate will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.06.

Shopify (TSE:SHO – Get Rating) last released its quarterly earnings results on Thursday, May fifth. The corporate reported C($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.46) by C($0.39). The business had revenue of C$1.52 billion for the quarter, in comparison with the consensus estimate of C$1.58 billion.

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