SPS Commerce Inc reports results for the quarter ended in September 30 - Earnings Summary

SPS Commerce

27/10/2024 15:40

* SPS Commerce Inc  SPSC.OQ  reported quarterly adjusted
earnings
of 92 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 75 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 83 cents per share. Wall
Street expected results to range from 81 cents to 86 cents per
share.
    * Revenue rose 20.7% to $163.69 million from a year ago;
analysts
expected $160.29 million. 
    * SPS Commerce Inc's reported EPS for the quarter was 62
cents​.
    * The company reported quarterly net income of $23.46
million.
    * SPS Commerce Inc shares had fallen by 1.6% this
quarter and
lost 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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 230.00 
This summary was machine generated from LSEG data October 27 at
03:40 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
 Sep. 30 2024      0.83           0.92           Beat
 Jun. 30 2024      0.77           0.80           Beat
 Mar. 31 2024      0.74           0.86           Beat
 Dec. 31 2023      0.70           0.75           Beat