SPS Commerce Sees Q1 Adj. EPS $0.72-$0.73 vs $0.74 Est., Revenue $145.9M-$146.7M vs $146.35M Est.; Sees FY24 Adj. EPS $1.75-$1.78 vs $3.15 Est., Revenue $616.5M-$619M vs $617.49M Est.
Portfolio Pulse from Benzinga Newsdesk
SPS Commerce reported its Q1 adjusted EPS guidance of $0.72-$0.73, slightly below the estimate of $0.74, and revenue guidance of $145.9M-$146.7M, roughly in line with the $146.35M estimate. For FY24, the company expects adjusted EPS of $1.75-$1.78, significantly below the $3.15 estimate, with revenue projections of $616.5M-$619M, close to the $617.49M estimate.
February 08, 2024 | 9:58 pm
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SPS Commerce's Q1 adjusted EPS guidance is slightly below expectations, and its FY24 EPS forecast is significantly lower than estimates, although revenue projections are close to estimates.
The lower than expected Q1 EPS guidance and significantly reduced FY24 EPS forecast could lead to negative investor sentiment and potentially lower stock prices in the short term. The revenue projections being in line with estimates may not be enough to offset the negative impact of the earnings miss.
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IMPORTANCE 90
RELEVANCE 100