Shopify Q3 Earnings Preview: Stock Hits 52-Week Highs, Analysts Expect Second Best Revenue Quarterly Total In Company History

E-commerce platform company Shopify Inc (NYSE:SHOP) is hitting new 52-week highs ahead of third-quarter financial results set for Tuesday, Nov. 12 before the market opens.

Here's a look at the earnings estimates from analysts and key items for investors and analysts to watch in the financial results.

Earnings Estimates: Analysts expect Shopify to report third-quarter revenue of $2.11 billion, up from $1.71 billion in last year's third quarter, according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in seven straight quarters. The $2.11 billion estimate would be the company's second-largest total ever, trailing only the 2023 fourth-quarter total of $2.14 billion.

Analysts expect the company to report quarterly earnings per share of 27 cents, up from 24 cents per share in last year's third quarter. The company has beaten analyst estimates for earnings per share in eight straight quarters.

Guidance from the company calls for revenue to be up low-to-mid 20s percentage rate on a year-over-year basis, which translates to a range of $2.06 billion to $2.16 billion based on 20% to ...