SHOP - Shopify Rises Higher Than Market: Key Facts | Benzinga
In the latest market close, Shopify (NYSE: SHOP) reached $65.45, with a +1.03% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.49%.
The cloud-based commerce company's shares have seen an increase of 11.32% over the last month, surpassing the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 3.22%.
The investment community will be closely monitoring the performance of Shopify in its forthcoming earnings report. The company's upcoming EPS is projected at $0.21, signifying a 50% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2 billion, reflecting a 18.15% rise from the equivalent quarter last year.
Looking at the full year, the ...