Home News SPS Commerce Reports Strong Q4 Results

SPS Commerce Reports Strong Q4 Results

381
0

By Denny Jacob

SPS Commerce, a cloud-based supply chain management services provider, saw its shares rise by 15% to $211.60 following better-than-expected results in its latest quarter. The stock, which has already increased by 54% over the past year, is on track to reach a new all-time high and its largest percentage increase since July 2013.

In the fourth quarter ended December 31, SPS Commerce reported net income of approximately $19 million, or 51 cents per share, compared to $15.9 million, or 43 cents per share, in the same period last year. Adjusted earnings came in at 75 cents per share, surpassing analysts’ estimates of 70 cents per share.

Furthermore, SPS Commerce’s revenue rose to about $145 million from approximately $122 million, surpassing analysts’ expectations of $143.1 million.

Despite ongoing macro dynamics, Chief Financial Officer Kim Nelson expressed satisfaction with the company’s strong performance.

Looking ahead, SPS Commerce forecasted revenue between $145.9 million and $146.7 million, as well as adjusted earnings per share between 72 cents and 73 cents for the first quarter. Analysts predicted slightly higher revenue of $146.6 million and adjusted earnings per share of 74 cents.

For fiscal year 2024, the company projected revenue in the range of $616.5 million to $619 million, along with adjusted earnings per share between $3.11 and $3.13. Analysts had estimated revenue of $618.8 million and adjusted earnings per share of $3.16.

With impressive Q4 results and a positive outlook for the future, SPS Commerce is set to continue its growth trajectory.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

  +  54  =  63