ChannelAdvisor Corporation (NYSE:ECOM) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ECOM to report 3Q20 income of $ 0.18 per share.
For the full year, analysts anticipate top line of $ 141.19 million, while looking forward to income of $ 0.94 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 34.00 million ~ $ 34.00 million
Click Here For More Historical Outlooks Of ChannelAdvisor Corporation
Previous Quarter Performance
ChannelAdvisor Corporation unveiled income for the second quarter of $ 0.33 per share, from the revenue of $ 37.44 million. The quarterly revenues grew 17.26 percent compared with the same quarter last year. Street analysts expected ChannelAdvisor Corporation to report income of $ 0.28 per share on revenue of $ 36.35 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 17.86 percent, at the same time, top line results outshined analysts by $ 1.09 million or 3.00 percent.
Stock Performance
Shares of ChannelAdvisor Corporation traded up $ 1.14 or 6.67 percent on Wednesday, reaching $ 18.23 with volume of 376.50 thousand shares. ChannelAdvisor Corporation has traded high as $ 18.84 and has cracked $ 17.53 on the downward trend
The closing price of $ 18.23, representing a 289.29 % increase from the 52 week low of $ 4.39 and a 23.43 % decrease over the 52 week high of $ 22.32.
The company has a market capital of $ 522.92 million and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 16th October 2020, upgraded by William Blair to Outperform from Market Perform rating
Conference Call
ChannelAdvisor Corporation will be hosting a conference call at 8:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.channeladvisor.com
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. Its suite of solutions include various modules, including Marketplaces module that connects customers to third-party marketplaces; and Digital Marketing module, which connects customers to compare shopping Websites that allow customers to advertise products on search engines.
