SPS Commerce (NASDAQ:SPSC – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.410-3.420 for the period, compared to the consensus earnings per share estimate of 3.360. The company issued revenue guidance of $635.4 million-$636.4 million, compared to the consensus revenue estimate of $631.3 million. SPS Commerce also updated its FY24 guidance to $3.41-$3.42 EPS.
SPS Commerce Stock Down 10.7 %
SPSC stock traded down $20.49 during mid-day trading on Friday, reaching $170.49. 636,500 shares of the stock traded hands, compared to its average volume of 179,940. The business has a 50-day moving average of $192.69 and a two-hundred day moving average of $190.58. The firm has a market capitalization of $6.33 billion, a PE ratio of 88.80 and a beta of 0.82. SPS Commerce has a 52 week low of $151.96 and a 52 week 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, beating 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 quarter last year, the firm posted $0.42 EPS. The company’s revenue was up 17.8% on a year-over-year basis. On average, equities research analysts anticipate that SPS Commerce will post 2.32 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on SPS Commerce
Insider Buying and Selling at SPS Commerce
In other SPS Commerce news, Director Sven Wehrwein sold 2,000 shares of SPS Commerce stock in a transaction on 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 transaction, the director now directly owns 16,212 shares of the company’s stock, valued at approximately $3,264,286.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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