SPS Commerce (NASDAQ:SPSC) Releases 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 (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.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SPSC shares. Robert W. Baird raised their target price on shares of SPS Commerce from $178.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Stifel Nicolaus boosted their target price on shares of SPS Commerce from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday. Craig Hallum raised their price target on SPS Commerce from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Capmk cut SPS Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $230.00 target price on shares of SPS Commerce in a research note on Friday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $223.38.

SPS Commerce Price Performance

SPS Commerce stock traded down $20.49 during mid-day trading on Friday, reaching $170.49. The company had a trading volume of 636,500 shares, compared to its average volume of 179,940. The stock’s 50-day simple moving average is $192.69 and its 200-day simple moving average is $190.51. The company has a market capitalization of $6.33 billion, a P/E ratio of 88.80 and a beta of 0.82. SPS Commerce has a 1 year low of $151.96 and a 1 year high of $218.74.

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

Insiders Place Their Bets

In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $201.35, for a total transaction of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares in the company, valued at approximately $3,264,286.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.