Shopify Stock Fell 16% After Its Last Earnings Beat. Should You Buy Before Aug. 5?
The e-commerce service provider has a lot to prove.
Overview
Shopify (NASDAQ: SHOP), one of the world's largest e-commerce service providers, will post its second-quarter earnings on Aug. 5. Analysts expect its revenue and adjusted EPS to rise 28% and 14% year over year, respectively. However, that would represent a deceleration from its 34% revenue growth and 44% adjusted EPS growth in the first quarter.
We should also recall that Shopify's stock dropped about 16% after its first-quarter earnings report, even though its top and bottom-line growth easily surpassed analysts' expectations. So should you buy Shopify's stock ahead of its second-quarter report?
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Originally published at www.fool.com.
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