Posted 3/22/2024, 9:45:18 PM
Shopify Stock Dips 1% as Broader Market Drops, But Still Up Over Past Month
- Shopify (SHOP) stock fell 1.09% on Tuesday while the S&P 500 fell 0.14% and the Dow lost 0.77%
- SHOP stock has gained 6.08% over the past month, lagging its sector but outpacing the S&P 500
- For Q4, analysts estimate SHOP will report EPS of $0.16, up 1500% year-over-year, on revenue of $1.83B, up 21.24%
- For the full year, consensus forecasts call for EPS of $0.94, up 27.03%, on revenue of $8.48B, up 20.07%
- SHOP has a premium valuation with a Forward P/E of 84.28 compared to an industry average of 25.97
