Shopify Inc (SHOP-T) Analyst Research & Price Targets - The Globe and Mail

Earnings Estimates

	Current Qtr03/2025	Next Qtr06/2025	Fiscal Yr12/2025	Fiscal Yr12/2026
Average Estimate	$0.25	$0.34	$1.60	$2.08
Number of Estimates	16	13	16	14
High Estimate	$0.32	$0.41	$1.96	$2.74
Low Estimate	$0.13	$0.29	$1.27	$1.57
Prior Year	$0.16	$0.25	$1.30	$1.60
Growth Rate Est. (year over year)	+56.25%	+36.00%	+23.08%	+30.00%

Earnings History - Surprises*

	Qtr Ending12/2024	Qtr Ending09/2024	Qtr Ending06/2024	Qtr Ending03/2024
Reported	$0.49	$0.37	$0.25	$0.16
Estimate	$0.48	$0.24	$0.15	$0.11
Difference	+0.01	+0.13	+0.10	+0.05
Surprise	+2.08%	+54.17%	+66.67%	+45.45%

* Earnings are based on GAAP income from continuing operations.

Average Analyst Ratings

4.11

3 Mths Ago44

4.13

2 Mths Ago45

4.18

1 Mth Ago45

4.18

Current44

Ratings Values:

Strong Buy5

Moderate Buy4

Hold3

Moderate Sell2

Strong Sell1

Ratings Breakdown

	3 Mths Ago	2 Mths Ago	1 Mth Ago	Current
# of Analysts:	44	45	45	44
	25 1	26 1	27 1	26 2
Holds	17	17	16	15
	1	1	1	1

Key:

Strong Buy

Moderate Buy

Hold

Moderate Sell

Strong Sell

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