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

SPS Commerce (NASDAQ:SPSC) updated its fourth quarter 2024 earnings guidance on Thursday. 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.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of SPS Commerce from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. DA Davidson raised their price target on shares of SPS Commerce from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Craig Hallum increased their target price on shares of SPS Commerce from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $205.00 to $209.00 in a report on Monday, July 29th. Finally, 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. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.25.

SPS Commerce Trading Up 0.6 %

Shares of NASDAQ:SPSC traded up $1.23 during trading on Thursday, reaching $190.98. The stock had a trading volume of 187,788 shares, compared to its average volume of 177,664. The company has a market capitalization of $7.09 billion, a P/E ratio of 98.83 and a beta of 0.82. The firm’s 50-day simple moving average is $193.36 and its 200 day simple moving average is $190.55. SPS Commerce has a one year low of $151.96 and a one year high of $218.74.

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

Insider Activity

In related news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction on Friday, August 9th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the sale, the director now owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.