Equities analysts expect that CommerceHub, Inc. (NASDAQ:CHUBA) will report earnings of $0.05 per share for the current quarter, Zacks reports. Two analysts have made estimates for CommerceHub’s earnings, with estimates ranging from $0.04 to $0.05. CommerceHub reported earnings of $0.14 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 64.3%. The firm is expected to report its next quarterly earnings report on Monday, August 28th.
On average, analysts expect that CommerceHub will report full year earnings of $0.34 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.44 per share, with EPS estimates ranging from $0.42 to $0.46. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover CommerceHub.
CommerceHub (NASDAQ:CHUBA) last posted its earnings results on Monday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. CommerceHub had a net margin of 13.15% and a return on equity of 53.74%. The business had revenue of $24.57 million for the quarter, compared to analysts’ expectations of $24.63 million.
A number of equities analysts have weighed in on CHUBA shares. Wedbush upped their price target on shares of CommerceHub from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Zacks Investment Research upgraded shares of CommerceHub from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, February 22nd.
CommerceHub (NASDAQ:CHUBA) traded up 0.66% during mid-day trading on Tuesday, reaching $16.82. 46,910 shares of the company’s stock traded hands. The stock has a 50 day moving average of $16.71 and a 200 day moving average of $15.75. CommerceHub has a 12-month low of $11.91 and a 12-month high of $17.42. The company has a market cap of $725.73 million and a P/E ratio of 53.40.
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CommerceHub Company Profile
CommerceHub, Inc is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where consumers browse and buy.
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