SPS Commerce Inc reports results for the quarter ended in December - Earnings Summary

SPS Commerce

08/02/2024 22:55

* SPS Commerce Inc  SPSC.OQ  reported quarterly adjusted
earnings
of 75 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 63 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 68 cents to 75
cents per share.
    * Revenue rose 18.8% to $144.97 million from a year ago;
analysts
expected $143.09 million. 
    * SPS Commerce Inc's reported EPS for the quarter was 51
cents​.
    * The company reported quarterly net income of $19.01
million.
    * SPS Commerce Inc shares had fallen by 5.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for SPS Commerce Inc
is $200.00 
This summary was machine generated from LSEG data February 8 at
10:55 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.70           0.75           Beat
 Sep. 30 2023      0.67           0.75           Beat
 Jun. 30 2023      0.63           0.69           Beat
 Mar. 31 2023      0.58           0.67           Beat