{"id":9979,"date":"2021-01-11T17:09:39","date_gmt":"2021-01-11T15:09:39","guid":{"rendered":"https:\/\/sijoitusrahastot.org\/?p=9979"},"modified":"2021-07-21T12:20:13","modified_gmt":"2021-07-21T09:20:13","slug":"analysts-predict-1137-earnings-per-share-growth-for-shopifys-full-year-2020","status":"publish","type":"post","link":"https:\/\/sijoitusrahastot.org\/analysts-predict-1137-earnings-per-share-growth-for-shopifys-full-year-2020\/","title":{"rendered":"Analysts Predict 1,137% Earnings Per Share Growth for Shopify\u2019s Full Year 2020"},"content":{"rendered":"\n

While the pandemic has devastated countless businesses, it has provided a major boon for eCommerce platform Shopify.<\/p>\n\n\n\n

Shopify\u2019s stock had a great year. According to the research data analyzed and published by Finnish site Osakekoulu<\/a>, it rallied by 169.9% in 2020, compared to industry-wide growth of 26.6%.<\/p>\n\n\n\n

Since it went public in 2015, Shopify\u2019s stock has maintained a remarkable uptrend, rising over 40-fold to over $1,200 at the end of December 2020. Between 2016 and 2019, it surged by over 1,400%. As of mid-December 2020, the stock had a 90 RS rating, which means that it outperformed 90% of stocks over the year.<\/p>\n\n\n\n

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During the first three quarters of 2020, Shopify\u2019s eCommerce earnings grew at an average of 552%. That was well above the 101% three-year average. Its sales grew by an average of 57% over the previous three-year period.<\/p>\n\n\n\n

At the end of its third quarter on October 30, 2020, the company outperformed revenue and earnings estimates for the three-month period. Its revenue nearly doubled from $390.6 million to $767.4 million, against an expected $663.1 million. Compared to Q3 2019, that was a 96% spike.<\/p>\n\n\n\n

As the third eCommerce platform in the world, Shopify attained a total of $522 million for its merchant solutions. On the other hand, its subscription revenue from new merchants joining the services accounted for $245 million.<\/p>\n\n\n\n

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