Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Shopify (NYSE: SHOP) and the best and worst performers in the e-commerce software industry.

While e-commerce has been around for over two decades and enjoyed meaningful growth, its overall penetration of retail still remains low. Only around $1 in every $5 spent on retail purchases comes from digital orders, leaving over 80% of the retail market still ripe for online disruption. It is these large swathes of the retail where e-commerce has not yet taken hold that drives the demand for various e-commerce software solutions.

The 5 e-commerce software stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 0.9% while next quarter’s revenue guidance was in line.

While some e-commerce software stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.1% since the latest earnings results.

Best Q4: Shopify (NYSE: SHOP)

Originally created as an internal tool for a snowboarding company, Shopify (NYSE: SHOP) provides a software platform for building and operating e-commerce businesses.

Shopify reported revenues of $2.81 billion, up 31.2% year on year. This print exceeded analysts’ expectations by 3%. Overall, it was a strong quarter for the company with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ total payment volume estimates.

Shopify pulled off the biggest analyst estimates beat and fastest revenue growth of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 6.5% since reporting and currently trades at $112.18.

We think Shopify is a good business, but is it a buy today? Read our full report here, it’s free.

GoDaddy (NYSE: GDDY)

Founded by Bob Parsons after selling his first company to Intuit, GoDaddy (NYSE: GDDY) provides small and mid-sized businesses with the ability to buy a web domain and tools to create and manage a website.

GoDaddy reported revenues of $1.19 billion, up 8.4% year on year, outperforming analysts’ expectations by 1.4%. The business had a satisfactory quarter with a solid beat of analysts’ EBITDA estimates.

GoDaddy achieved the highest full-year guidance raise among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 15.5% since reporting. It currently trades at $179.75.

Is now the time to buy GoDaddy? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: BigCommerce (NASDAQ: BIGC)

Founded in Sydney, Australia in 2009 by Mitchell Harper and Eddie Machaalani, BigCommerce (NASDAQ: BIGC) provides software for businesses to easily create online stores.

BigCommerce reported revenues of $87.03 million, up 3.4% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a miss of analysts’ billings estimates.

BigCommerce delivered the slowest revenue growth in the group. Interestingly, the stock is up 5.5% since the results and currently trades at $7.07.

Read our full analysis of BigCommerce’s results here.

VeriSign (NASDAQ: VRSN)

While the company is not a domain registrar and does not directly sell domain names to end users, Verisign (NASDAQ: VRSN) operates and maintains the infrastructure to support domain names such as .com and .net.

VeriSign reported revenues of $395.4 million, up 3.9% year on year. This result was in line with analysts’ expectations. Taking a step back, it was a mixed quarter as it failed to impress in some other areas of the business.

The stock is up 8.1% since reporting and currently trades at $237.90.

Read our full, actionable report on VeriSign here, it’s free.

Wix (NASDAQ: WIX)

Founded in 2006 in Tel Aviv, Wix.com (NASDAQ: WIX) offers a free and easy to operate website building platform.

Wix reported revenues of $460.5 million, up 14% year on year. This number met analysts’ expectations. More broadly, it was a slower quarter as it logged revenue guidance for the full year below analysts’ expectations.

Wix had the weakest performance against analyst estimates and weakest full-year guidance update among its peers. The stock is down 12% since reporting and currently trades at $200.60.

Read our full, actionable report on Wix here, it’s free.

Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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