ChannelAdvisor Corp (NYSE:ECOM) Expected to Post Earnings of $0.04 Per Share

Wall Street analysts expect ChannelAdvisor Corp (NYSE:ECOM) to announce earnings of $0.04 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for ChannelAdvisor’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.06. ChannelAdvisor reported earnings per share of ($0.08) during the same quarter last year, which would suggest a positive year-over-year growth rate of 150%. The company is expected to issue its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that ChannelAdvisor will report full-year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.06. For the next financial year, analysts expect that the company will post earnings of $0.17 per share, with EPS estimates ranging from $0.13 to $0.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The business had revenue of $31.93 million for the quarter, compared to analyst estimates of $31.71 million. ChannelAdvisor had a negative net margin of 4.09% and a negative return on equity of 5.35%. ChannelAdvisor’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) EPS.

ECOM has been the topic of a number of analyst reports. Zacks Investment Research raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, August 15th. ValuEngine raised shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $15.76.

ChannelAdvisor stock traded up $0.38 during midday trading on Friday, reaching $9.95. 105,622 shares of the stock were exchanged, compared to its average volume of 102,353. The company’s fifty day moving average is $9.03 and its 200-day moving average is $10.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $263.88 million, a PE ratio of -38.27 and a beta of 0.36. ChannelAdvisor has a 52 week low of $8.01 and a 52 week high of $14.36.

Large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its holdings in shares of ChannelAdvisor by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,412 shares of the software maker’s stock worth $346,000 after buying an additional 2,056 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of ChannelAdvisor by 16.7% in the 2nd quarter. Acadian Asset Management LLC now owns 224,778 shares of the software maker’s stock worth $1,969,000 after buying an additional 32,200 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of ChannelAdvisor by 10.8% in the 2nd quarter. Bessemer Group Inc. now owns 96,600 shares of the software maker’s stock worth $846,000 after buying an additional 9,400 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of ChannelAdvisor in the 1st quarter worth $294,000. Finally, Strs Ohio increased its holdings in shares of ChannelAdvisor by 7.5% in the 2nd quarter. Strs Ohio now owns 52,800 shares of the software maker’s stock worth $462,000 after buying an additional 3,700 shares during the last quarter. 81.37% of the stock is currently owned by hedge funds and other institutional investors.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

Featured Article: What moving averages are used to define a golden cross?

Get a free copy of the Zacks research report on ChannelAdvisor (ECOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

Receive News & Ratings for ChannelAdvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChannelAdvisor and related companies with MarketBeat.com's FREE daily email newsletter.