SPS Commerce (NASDAQ:SPSC – Get Free Report) 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 – Get Free Report) 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
Read Our Latest Report on SPS Commerce
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.
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