SPS Commerce Raises FY2024 Adj EPS Guidance From $3.36-$3.39 To $3.41-$3.42 Vs $3.36 Est; Raises FY2024 Sales Guidance From $624.20M-$626.00M To $635.40M-$636.40M vs $631.31M Est.
Portfolio Pulse from Benzinga Newsdesk
SPS Commerce has adjusted its financial guidance for FY2024, lowering its adjusted EPS forecast while raising its sales outlook. The new EPS guidance is $3.41-3.42, down from $3.63-3.66, but still above the analyst estimate of $3.36. Meanwhile, the sales guidance has been increased to $635.40M-636.40M, surpassing the analyst estimate of $631.31M.
October 24, 2024 | 8:17 pm
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SPS Commerce has lowered its FY2024 adjusted EPS guidance to $3.41-3.42, which is still above the analyst estimate of $3.36. However, the company has raised its sales guidance to $635.40M-636.40M, exceeding the analyst estimate of $631.31M.
The lowered EPS guidance might concern investors, but since it remains above analyst estimates, the impact is neutralized. The raised sales guidance, which exceeds expectations, is a positive indicator. Overall, the mixed signals result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100