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

SPS Commerce (NASDAQ:SPSC) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.830-0.840 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Northland Capmk downgraded SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research report on Friday. Northland Securities lowered shares of SPS Commerce from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Robert W. Baird boosted their price objective on shares of SPS Commerce from $178.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus raised their target price on SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $223.38.

SPS Commerce Stock Down 10.7 %

SPS Commerce stock traded down $20.49 during trading hours on Friday, reaching $170.49. 636,500 shares of the company’s stock were exchanged, compared to its average volume of 179,940. The firm has a market capitalization of $6.33 billion, a PE ratio of 88.80 and a beta of 0.82. The firm’s 50 day simple moving average is $192.69 and its 200 day simple moving average is $190.58. SPS Commerce has a twelve month low of $151.96 and a twelve month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping 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 business had revenue of $153.60 million during the quarter, compared to the consensus estimate of $151.87 million. During the same period in the previous year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts anticipate that SPS Commerce will post 2.32 EPS for the current year.

Insider Transactions at SPS Commerce

In related news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 16,212 shares in the company, valued at $3,264,286.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

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.