Wedbush Has Optimistic Outlook of Shopify Q4 Earnings

Shopify Inc. (TSE:SHO) – Research analysts at Wedbush increased their Q4 2024 EPS estimates for Shopify in a report issued on Monday, January 6th. Wedbush analyst S. Devitt now anticipates that the company will earn $0.44 per share for the quarter, up from their prior estimate of $0.43. Wedbush currently has a “Strong-Buy” rating on the stock. Wedbush also issued estimates for Shopify’s Q2 2025 earnings at $0.32 EPS.

Shopify (TSE:SHO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.13. The company had revenue of C$2.95 billion during the quarter, compared to the consensus estimate of C$2.90 billion.

A number of other brokerages have also recently issued reports on SHO. Atb Cap Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Loop Capital upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Redburn Atlantic raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and seven have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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Shopify Company Profile

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.