SPS Commerce rings up gains after quarterly results

SPS Commerce

26/04/2019 16:52

** Shares of SPS Commerce Inc  SPSC.O  hit all-time high of
$115.00 on Fri after supply chain management software co
reported qtrly results after the bell on Thurs  urn:newsml:reuters.com:*:nGNX634SZq
    ** SPSC last up 5.8% at $108.48. On track for biggest daily
pct gain since Feb 13, also after qtrly results
    ** For Q1, co reported $0.60 adj EPS on $66.9 mln rev,
beating avg analyst estimate of $0.51 adj EPS on $66.2 mln rev
(IBES data from Refinitiv)
    ** For Q2, SPSC sees $0.51 to $0.53 adj EPS, $67.7 mln to
$68.2 mln rev. For FY2019, co projects $2.16 to $2.22 adj EPS,
$275 mln to $276.5 mln rev  urn:newsml:reuters.com:*:nASB01HSN
    ** Canaccord Genuity raises PT to $115 from $110,
Craig-Hallum raises PT to $120 from $110, Stifel raises PT to
$115 from $105, Northland Securities raises PT to $125 from $105
    ** Median PT for SPSC now $120, up from $95 three months ago
    ** YTD SPSC up 31.7%, vs 22.4% gain for S&P 600 Information
Technology index  .SPSMCT 
    


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