These Analysts Boost Their Forecasts On Shopify After Strong Q2 Results
These Analysts Boost Their Forecasts On Shopify After Strong Q2 Results
"We drove strong growth in GMV, revenue, and gross profit, all amidst a mixed consumer spend environment, continued to take share and concurrently expanded our free cash flow margin," said Jeff Hoffmeister, CFO of Shopify.Shopify Inc. (NYSE:SHOP) reported better-than-expected second-quarter earnings and issued optimistic outlook for the third quarter on Wednesday.
週三，shopify股份有限公司（NYSE:SHOP）報告了超出預期的第二季度盈利，並對第三季度發表了樂觀的展望。
Shopify reported a strong second quarter, with revenue growing 21% year-over-year to $2.05 billion, beating the analyst consensus estimate of $2.01 billion. Adjusting for the sale of its logistics businesses, revenue grew by 25% year-over-year. The company also reported an adjusted EPS of 26 cents, surpassing the analyst estimate of 20 cents.
Shopify報告顯示，第二季度表現強勁，營業收入同比增長21％，達到了20.5億美元，超過了分析師預期的20.1億美元。調整物流業務銷售後，營收同比增長25％。公司還報告了每股調整後的收益爲26美分，超過了分析師預測的20美分。
For the third quarter of 2024, Shopify expects revenue to grow at a low-to-mid-twenties percentage rate on a year-over-year basis. The company anticipates a 50 basis point improvement in gross margin compared to second-quarter 2024 and projects GAAP operating expenses to account for 41% to 42% of revenue.
對於2024年第三季度，shopify預計營收將同比增長低到中等的二十多個百分點。該公司預計與2024年第二季度相比，毛利率將提高50個點子，並預計GAAP營業費用佔營收的41％到42％。
"We drove strong growth in GMV, revenue, and gross profit, all amidst a mixed consumer spend environment, continued to take share and concurrently expanded our free cash flow margin," said Jeff Hoffmeister, CFO of Shopify.
"在消費者支出環境複雜的情況下，我們實現了毛商品交易量、營收和毛利潤的強勁增長，繼續擴大市場份額並同時擴展了自由現金流利潤。" Shopify的首席財務官Jeff Hoffmeister表示。
Shopify shares gained 17.8% to close at $63.89 on Wednesday.
週三，Shopify股價上漲17.8％，收於63.89美元。
These analysts made changes to their price targets on Shopify following earnings announcement.
這些分析師在發佈業績後對Shopify的目標股價進行了調整。
Morgan Stanley analyst Keith Weiss maintained Shopify with an Overweight and raised the price target from $80 to $85.
摩根士丹利分析師Keith Weiss維持對Shopify的看漲，並將目標股價從80美元上調至85美元。
Truist Securities analyst Terry Tillman maintained Shopify with a Hold and raised the price target from $55 to $65.
Truist Securities分析師Terry Tillman維持對Shopify的持有，並將目標股價從55美元上調至65美元。
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