SPS Commerce (NASDAQ:SPSC) Updates Q4 2024 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.830-0.840 for the period, compared to the consensus earnings per share estimate of 0.880. The company issued revenue guidance of $168.5 million-$169.5 million, compared to the consensus revenue estimate of $167.6 million. SPS Commerce also updated its FY 2024 guidance to 3.410-3.420 EPS.

SPS Commerce Trading Up 0.6 %

Shares of NASDAQ:SPSC traded up $1.23 on Thursday, reaching $190.98. 200,494 shares of the company traded hands, compared to its average volume of 177,664. The business’s 50-day simple moving average is $193.22 and its 200 day simple moving average is $190.55. SPS Commerce has a 52 week low of $151.96 and a 52 week high of $218.74. The stock has a market capitalization of $7.09 billion, a P/E ratio of 99.47 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The firm had revenue of $153.60 million for the quarter, compared to analysts’ expectations of $151.87 million. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. Sell-side analysts expect that SPS Commerce will post 2.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SPSC. Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a report on Friday, August 2nd. Robert W. Baird increased their target price on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Stifel Nicolaus increased their target price on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, DA Davidson increased their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.25.

Insiders Place Their Bets

In other news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the transaction, the director now directly owns 16,212 shares in the company, valued at approximately $3,264,286.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.