Zacks: Brokerages Anticipate ChannelAdvisor (ECOM) Will Post Earnings of -$0.10 Per Share

Wall Street analysts expect that ChannelAdvisor (NYSE:ECOM) will announce earnings of ($0.10) per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for ChannelAdvisor’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.11). ChannelAdvisor reported earnings of ($0.02) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 400%. The company is scheduled to issue its next earnings results on Thursday, August 2nd.

On average, analysts expect that ChannelAdvisor will report full year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.09. For the next financial year, analysts expect that the firm will report earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for ChannelAdvisor.

ChannelAdvisor (NYSE:ECOM) last announced its earnings results on Thursday, May 10th. The software maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. ChannelAdvisor had a negative return on equity of 14.23% and a negative net margin of 9.28%. The firm had revenue of $31.40 million for the quarter, compared to the consensus estimate of $29.97 million. During the same period in the previous year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis.

Several research analysts recently weighed in on ECOM shares. ValuEngine downgraded ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. DA Davidson upgraded ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 target price on the stock in a research note on Tuesday, February 6th. Stifel Nicolaus restated a “buy” rating and set a $12.00 target price (down from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. Needham & Company LLC dropped their target price on ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Finally, First Analysis restated a “buy” rating and set a $13.00 target price on shares of ChannelAdvisor in a research note on Monday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.33.

ChannelAdvisor traded down $0.03, hitting $14.50, on Friday, Marketbeat.com reports. 81,300 shares of the company’s stock were exchanged, compared to its average volume of 86,910. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $15.05. The company has a market cap of $391.71 million, a price-to-earnings ratio of -27.36 and a beta of 0.05.

In other news, Director Janet Raye Cowell sold 2,400 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $14.65, for a total value of $35,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider M Scot Wingo sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $14.59, for a total value of $729,500.00. Following the completion of the transaction, the insider now directly owns 712,052 shares of the company’s stock, valued at approximately $10,388,838.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,400 shares of company stock worth $1,130,660. Company insiders own 7.80% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of ChannelAdvisor by 300.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock valued at $105,000 after buying an additional 8,729 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of ChannelAdvisor by 113.5% in the 1st quarter. Russell Investments Group Ltd. now owns 12,990 shares of the software maker’s stock valued at $118,000 after buying an additional 6,905 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of ChannelAdvisor in the 4th quarter valued at about $184,000. Wells Fargo & Company MN lifted its holdings in shares of ChannelAdvisor by 52.8% in the 3rd quarter. Wells Fargo & Company MN now owns 29,202 shares of the software maker’s stock valued at $336,000 after buying an additional 10,091 shares during the period. Finally, Levin Capital Strategies L.P. lifted its holdings in shares of ChannelAdvisor by 82.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 29,500 shares of the software maker’s stock valued at $265,000 after buying an additional 13,316 shares during the period. 71.19% of the stock is owned by institutional investors and hedge funds.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers 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.

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Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

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