SPS Commerce (NASDAQ:SPSC) Releases 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.

SPS Commerce Trading Down 10.7 %

Shares of SPS Commerce stock traded down $20.49 during trading on Friday, reaching $170.49. The company’s stock had a trading volume of 636,065 shares, compared to its average volume of 179,940. SPS Commerce has a one year low of $151.96 and a one year high of $218.74. The stock has a 50-day moving average price of $193.22 and a two-hundred day moving average price of $190.55. The stock has a market capitalization of $6.33 billion, a P/E ratio of 91.26 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 earnings per share 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 business had revenue of $153.60 million during the quarter, compared to analyst estimates of $151.87 million. During the same quarter last year, the business posted $0.42 earnings per share. SPS Commerce’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.

Analyst Ratings Changes

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

Insider Buying and Selling at SPS Commerce

In related news, Director Sven Wehrwein sold 2,000 shares of the 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

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.