Equities analysts forecast that ChannelAdvisor Co. (NYSE:ECOM) will post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for ChannelAdvisor’s earnings. ChannelAdvisor reported earnings of $0.20 per share during the same quarter last year, which would suggest a negative year over year growth rate of 20%. The firm is expected to issue its next earnings report on Thursday, November 4th.
On average, analysts expect that ChannelAdvisor will report full-year earnings of $0.86 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.88 to $0.92. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for ChannelAdvisor.
ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings results on Thursday, August 5th. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.17. ChannelAdvisor had a net margin of 12.70% and a return on equity of 13.92%. The company had revenue of $41.54 million during the quarter, compared to the consensus estimate of $40.04 million. During the same period last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis.
Shares of ECOM stock traded up $0.07 during midday trading on Wednesday, reaching $26.85. 1,804 shares of the company traded hands, compared to its average volume of 234,570. The firm’s 50 day simple moving average is $24.22 and its two-hundred day simple moving average is $23.96. ChannelAdvisor has a 1-year low of $12.94 and a 1-year high of $28.94. The firm has a market cap of $801.02 million, a PE ratio of 41.20 and a beta of 0.82.
Several institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its position in shares of ChannelAdvisor by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,311,019 shares of the software maker’s stock worth $54,425,000 after purchasing an additional 11,776 shares during the last quarter. BlackRock Inc. raised its holdings in ChannelAdvisor by 5.8% in the 1st quarter. BlackRock Inc. now owns 2,094,540 shares of the software maker’s stock valued at $49,326,000 after acquiring an additional 114,362 shares during the last quarter. FMR LLC raised its holdings in ChannelAdvisor by 19.0% in the 2nd quarter. FMR LLC now owns 1,646,393 shares of the software maker’s stock valued at $40,353,000 after acquiring an additional 263,065 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in ChannelAdvisor by 14.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,275,461 shares of the software maker’s stock valued at $31,261,000 after acquiring an additional 161,897 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in ChannelAdvisor by 12.7% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,020,867 shares of the software maker’s stock valued at $25,021,000 after acquiring an additional 114,977 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.
ChannelAdvisor Corp. provides software as a service solution. It enables the retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels. Its customers utilize platform to connect with new and existing sources of demand for their products through channels such as Amazon, eBay, Facebook, Google and Walmart.
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