SPS Commerce Inc. (SPSC) Releases FY13 Earnings Guidance
SPS Commerce Inc. (NASDAQ:SPSC) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.51-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.51, AnalystRatings.Net reports. The company issued revenue guidance of $103.7-104.2 million, compared to the consensus revenue estimate of $103.02 million.SPS Commerce also updated its Q4 guidance to $0.11-0.12 EPS.
SPS Commerce Inc. (NASDAQ:SPSC) traded up 0.03% on Thursday, hitting $74.00. 66,893 shares of the company’s stock traded hands. SPS Commerce Inc. has a 1-year low of $32.08 and a 1-year high of $71.06. The stock’s 50-day moving average is $65.19 and its 200-day moving average is $52.11. The company has a market cap of $1.121 billion and a P/E ratio of 1056.86.
SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 24th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.02. The company had revenue of $27.01 million for the quarter, compared to the consensus estimate of $26.40 million. During the same quarter last year, the company posted $0.10 earnings per share. SPS Commerce’s revenue was up 33.3% compared to the same quarter last year.
A number of research firms have recently commented on SPSC. Analysts at Needham & Company raised their price target on shares of SPS Commerce from $46.00 to $65.00 in a research note to investors on Friday, July 26th. They now have a buy rating on the stock. On a related note, analysts at JMP Securities raised their price target on shares of SPS Commerce from $46.00 to $62.00 in a research note to investors on Friday, July 26th. They now have a buy rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of SPS Commerce from $60.00 to $65.00 in a research note to investors on Friday, July 26th. They now have a buy rating on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $59.43.
SPS Commerce, Inc is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics.
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