Analysts expect a boost from its expansion into enterprise and international markets. $Shopify(SHOP)$ stock has rallied since the "Instant Checkout" partnership with artificial intelligence leader OpenAI in late September.
It reports earnings before Tuesday's stock market open.
On an adjusted basis, Q3 Shopify earnings are expected to fall 4% to 34 cents per share amid rising investments and marketing expenses.
Revenue is expected to rise 27% to $2.756 billion. Gross merchandise volume from merchants will grow 28% to $89.12 billion, according to consensus estimates.
Q4 Guidance Key
"We expect Q4 guidance to be broadly in line with Street with mid-20's revenue and low-20's gross profit growth and GAAP operating expenses of low 30s as a percentage of revenue," said Deutsche Bank analyst Bhavin Shah in a report.
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