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

SPS Commerce Price Performance

Shares of SPSC traded down $20.49 during mid-day trading on Friday, reaching $170.49. The stock had a trading volume of 636,500 shares, compared to its average volume of 179,940. The business’s fifty day moving average is $192.69 and its 200 day moving average is $190.51. SPS Commerce has a 52-week low of $151.96 and a 52-week high of $218.74. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 88.80 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 12.41% and a net margin of 12.31%. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that SPS Commerce will post 2.32 EPS for the current fiscal year.

Insider Activity at SPS Commerce

In other news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 16,212 shares in the company, valued at approximately $3,264,286.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

About SPS Commerce

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.