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

SPS Commerce

26/04/2024 24:43

* SPS Commerce Inc  SPSC.OQ  reported quarterly adjusted
earnings
of 86 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 74 cents per share. Wall Street
expected results to range from 72 cents to 79 cents per share.
    * Revenue rose 18.8% to $149.58 million from a year ago;
analysts
expected $146.56 million. 
    * SPS Commerce Inc's reported EPS for the quarter was 48
cents​.
    * The company reported quarterly net income of $18 million.
    * SPS Commerce Inc shares had fallen by 7.5% this
quarter and
lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 7 "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 $205.00 
This summary was machine generated from LSEG data April 25 at
11:43 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
 Mar. 31 2024      0.74           0.86           Beat
 Dec. 31 2023      0.70           0.75           Beat
 Sep. 30 2023      0.67           0.75           Beat
 Jun. 30 2023      0.63           0.69           Beat