Wall Street analysts forecast that ChannelAdvisor Corp (NYSE:ECOM) will report $31.73 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for ChannelAdvisor’s earnings. The highest sales estimate is $31.76 million and the lowest is $31.70 million. ChannelAdvisor posted sales of $32.32 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.8%. The firm is expected to issue its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that ChannelAdvisor will report full year sales of $130.20 million for the current year, with estimates ranging from $129.71 million to $130.88 million. For the next financial year, analysts forecast that the business will report sales of $136.50 million, with estimates ranging from $133.80 million to $139.19 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow ChannelAdvisor.

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

ECOM has been the subject of several research analyst reports. ValuEngine upgraded ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded ChannelAdvisor from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $15.76.

Shares of NYSE:ECOM traded up $0.38 during trading on Tuesday, hitting $9.95. 105,622 shares of the company’s stock were exchanged, compared to its average volume of 102,353. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.85 and a quick ratio of 1.85. ChannelAdvisor has a 52-week low of $8.01 and a 52-week high of $14.36. The business’s 50-day simple moving average is $9.03 and its 200 day simple moving average is $10.29. The company has a market cap of $263.88 million, a price-to-earnings ratio of -38.27 and a beta of 0.36.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECOM. AQR Capital Management LLC grew its holdings in ChannelAdvisor by 189.2% during the 2nd quarter. AQR Capital Management LLC now owns 230,103 shares of the software maker’s stock valued at $2,016,000 after buying an additional 150,531 shares in the last quarter. BlackRock Inc. grew its holdings in ChannelAdvisor by 8.5% during the 2nd quarter. BlackRock Inc. now owns 1,844,294 shares of the software maker’s stock valued at $16,156,000 after buying an additional 145,212 shares in the last quarter. Martingale Asset Management L P purchased a new position in ChannelAdvisor during the 1st quarter valued at approximately $1,715,000. Vanguard Group Inc. grew its holdings in ChannelAdvisor by 8.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,404,036 shares of the software maker’s stock valued at $12,300,000 after buying an additional 115,238 shares in the last quarter. Finally, Needham Investment Management LLC purchased a new position in ChannelAdvisor during the 2nd quarter valued at approximately $832,000. Institutional investors and hedge funds own 81.37% of the company’s stock.

About ChannelAdvisor

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.

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Earnings History and Estimates for ChannelAdvisor (NYSE:ECOM)

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