SPS Commerce, Inc. (SPSC) Set to Announce Quarterly Earnings on Wednesday
SPS Commerce, Inc. (NASDAQ:SPSC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. SPS Commerce has set its Q3 guidance at $0.18-$0.20 EPS and its FY17 guidance at $0.86-$0.88 EPS.
SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, analysts expect SPS Commerce to post $0.88 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
SPS Commerce, Inc. (NASDAQ:SPSC) opened at 58.71 on Wednesday. SPS Commerce, Inc. has a 12-month low of $48.11 and a 12-month high of $73.16. The stock has a market cap of $1.01 billion, a PE ratio of 110.98 and a beta of 1.13. The firm’s 50-day moving average price is $58.27 and its 200 day moving average price is $59.05.
A number of brokerages have commented on SPSC. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. ValuEngine cut SPS Commerce from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. KeyCorp reissued a “hold” rating on shares of SPS Commerce in a report on Friday, August 25th. BidaskClub raised SPS Commerce from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of SPS Commerce in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.00.
About SPS Commerce
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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