Shopify is set to report its fourth-quarter 2024 results on Feb. 11, with revenue expected to grow at a mid-to-high twenties percentage rate. The Zacks Consensus Estimate for revenue is $2.72 billion, while earnings are expected to be 44 cents per share, indicating 29.41% growth from the year-ago quarter. The company has a history of beating earnings estimates. Shopify’s stock has outperformed the Computer & Technology sector and Internet Services industry, appreciating by 43% in the past 12 months. However, its current Value Score suggests a stretched valuation compared to the industry. Despite this, Shopify’s long-term prospects remain strong due to its growing merchant base, partner collaborations, and international expansion. The company’s expanding enterprise customer base and new product updates are driving growth. However, challenging macroeconomic conditions and new tariffs may impact the stock’s near-term performance. Shopify currently has a Zacks Rank #3 (Hold), suggesting investors should wait for a better entry point.

Read more at Nasdaq: Buy, Sell or Hold Shopify Stock? Key Tips Ahead of Q4 Earnings