SPS Commerce, Inc. (NASDAQ:SPSC) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, SPSC is expected to report 3Q20 income of $ 0.33 per share from revenue of $ 76.86 million.
For the full year, analysts anticipate top line of $ 304.96 million, while looking forward to income of $ 1.42 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.32 ~ $ 0.33 per share, while revenues are expected in a range of $ 76.60 million ~ $ 77.10 million
Full Year 2020 topline are forecasted in a range of$ 304.10 million ~ $ 305.30 million, where as bottomline are predicted in a range of $ 1.41 ~ $ 1.42 per share
Click Here For More Historical Outlooks Of SPS Commerce, Inc.
Previous Quarter Performance
SPS Commerce, Inc. posted income for the second quarter of $ 0.37 per share, from the revenue of $ 75.57 million. The quarterly earnings developed 23.33 percent while revenues escalated 10.27 percent compared with the same quarter last year.
Wall street analysts are predicting, SPSC to report 2Q20 income of $ 0.31 per share from revenue of $ 74.35 million. The bottom line results beat street analysts by $ 0.06 or 19.35 percent, at the same time, top line results outshined analysts by $ 1.22 million or 1.64 percent.
Stock Performance
Shares of SPS Commerce, Inc. traded up $ 0.42 or 0.49 percent on Tuesday, reaching $ 85.69 with volume of 109.90 thousand shares. SPS Commerce, Inc. has traded high as $ 86.51 and has cracked $ 85.48 on the downward trend
According to the previous trading day, closing price of $ 85.69, representing a 172.60 % increase from the 52 week low of $ 31.28 and a 3.57 % decrease over the 52 week high of $ 88.43.
The company has a market capital of $ 3.01 billion and is part of the Technology sector and Software – Application industry.
Conference Call
SPS Commerce, Inc. will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spscommerce.com
SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
