Analysts Anticipate CommerceHub Inc (CHUBA) to Announce $0.12 EPS

Brokerages predict that CommerceHub Inc (NASDAQ:CHUBA) will post earnings of $0.12 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for CommerceHub’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.10. CommerceHub posted earnings of $0.09 per share in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is scheduled to report its next quarterly earnings results on Monday, May 14th.

On average, analysts expect that CommerceHub will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.73. For the next financial year, analysts expect that the firm will post earnings of $0.75 per share, with EPS estimates ranging from $0.64 to $0.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for CommerceHub.

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CommerceHub (NASDAQ:CHUBA) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). CommerceHub had a net margin of 8.87% and a return on equity of 37.34%. The firm had revenue of $36.73 million during the quarter, compared to the consensus estimate of $37.74 million.

CHUBA has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating on the stock. CIBC initiated coverage on shares of CommerceHub in a report on Friday, December 22nd. They issued a “market perform” rating on the stock. BidaskClub cut shares of CommerceHub from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Northland Securities initiated coverage on shares of CommerceHub in a report on Thursday, December 28th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, Zacks Investment Research cut shares of CommerceHub from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.17.

NASDAQ:CHUBA opened at $22.52 on Friday. CommerceHub has a fifty-two week low of $14.94 and a fifty-two week high of $24.53. The stock has a market capitalization of $979.30, a PE ratio of 60.86, a PEG ratio of 3.21 and a beta of -0.71.

Hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in CommerceHub in the 4th quarter worth approximately $156,000. Citadel Advisors LLC acquired a new stake in CommerceHub in the 3rd quarter worth approximately $270,000. AMP Capital Investors Ltd acquired a new stake in CommerceHub in the 3rd quarter worth approximately $365,000. Mesirow Financial Investment Management Inc. acquired a new stake in CommerceHub in the 4th quarter worth approximately $495,000. Finally, California State Teachers Retirement System acquired a new stake in CommerceHub in the 2nd quarter worth approximately $425,000. Institutional investors own 30.24% of the company’s stock.

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About CommerceHub

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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