SPS Commerce Sees Q3 Adj. EPS $0.83-$0.84 vs $0.83 Est., Revenue $157.6M-$158.6M vs $157.03M Est.; Sees FY24 Adj. EPS $3.63-$3.66 vs $3.33 Est., Revenue $624.2M-$626.0M vs $623.48M Est.
Portfolio Pulse from Benzinga Newsdesk
SPS Commerce (SPSC) has released its Q3 and FY24 financial guidance. For Q3, the company expects adjusted EPS of $0.83-$0.84, slightly above the estimate of $0.83, and revenue of $157.6M-$158.6M, also above the estimate of $157.03M. For FY24, SPSC projects adjusted EPS of $3.63-$3.66, significantly higher than the estimate of $3.33, and revenue of $624.2M-$626.0M, slightly above the estimate of $623.48M.
July 25, 2024 | 8:49 pm
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POSITIVE IMPACT
SPS Commerce (SPSC) has provided strong Q3 and FY24 financial guidance, with both EPS and revenue estimates exceeding expectations. This positive outlook is likely to boost investor confidence and support short-term stock price appreciation.
The company's Q3 and FY24 guidance shows better-than-expected EPS and revenue figures, which is a positive indicator for the company's financial health and future performance. This is likely to result in a short-term increase in the stock price as investors react to the favorable outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100