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

• SPS Commerce Inc SPSC.OQ reported quarterly adjusted earnings of $1.00​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of eleven analysts for the quarter was for earnings of 91 cents per share. Wall Street expected results to range from 88 cents to 99 cents per share.

• Revenue rose 22% to $187.40 million from a year ago; analysts expected $185.82 million.

• SPS Commerce Inc's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $19.73 million.

• SPS Commerce Inc shares had risen by 2.9% this quarter and lost 23.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $175.00, about 19.9% above its last closing price of $140.10

This summary was machine generated from LSEG data July 30 at 09:01 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)