It has been about a month since the last earnings report for Shopify (NYSE:SHOP). Shares have lost about 2.5% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Shopify due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Shopify Q4 Earnings Beat Estimates, Revenues Rise Y/YShopify reported fourth-quarter 2023 adjusted earnings of 34 cents per share, comfor…