SPS Commerce (NASDAQ:SPSC – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $3.41-$3.42 for the period, compared to the consensus EPS estimate of $3.36. The company issued revenue guidance of $635.4-$636.4 million, compared to the consensus revenue estimate of $631.31 million. SPS Commerce also updated its FY 2024 guidance to 3.410-3.420 EPS.
SPS Commerce Trading Up 0.6 %
NASDAQ:SPSC traded up $1.23 during mid-day trading on Thursday, reaching $190.98. 200,494 shares of the stock were exchanged, compared to its average volume of 177,664. The business has a fifty day moving average price of $193.22 and a 200 day moving average price of $190.55. The firm has a market capitalization of $7.09 billion, a PE ratio of 99.47 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 – Get Free Report) last released its 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. SPS Commerce had a return on equity of 12.41% and a net margin of 12.31%. The firm had revenue of $153.60 million for the quarter, compared to analyst estimates of $151.87 million. During the same period in the previous year, the company earned $0.42 earnings per share. SPS Commerce’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts forecast that SPS Commerce will post 2.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on SPS Commerce
Insiders Place Their Bets
In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of the firm’s 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate 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.
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