Tuesday, 12 January 2021, 6:21 am
While the pandemic has devastated countless businesses,
it has provided a major boon for eCommerce platform
Shopify.
Shopify’s stock rallied by 169.9% in 2020
compared to the industry’s 26.6% growth. As of
mid-December 2020, according to the research data analyzed
and published by Finnish site Sijoitusrahastot,
it had a 90 RS rating, which means that it had outperformed
90% of stocks during the year.
Based on the Zacks
Consensus Estimate, its Q4 earnings per share (EPS) are set
to jump by 188.37% to $1.24 while its sales will grow by 78%
to $899.2 million. For the full year 2020, analysts project
a massive 1,137% jump for the Shopify EPS.