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8 stories mentioning SPSCUpdated 1d ago

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Wire

SPS Commerce Q2 Adjusted Earnings, Revenue Rise

SPS Commerce (SPSC) reported Q2 adjusted earnings late Thursday of $1.27 per diluted share, up from $1 a year earlier.Analysts polled by FactSet expected $1.09.Revenue in the three months ended June 30 rose to $197.8 million from $187.4 million a year earlier.Analysts projected $195.5 million.SPS expects Q3 non-GAAP EPS of $1.20 to $1.23 on revenue of $196.3 million to $198.3 million.Analysts project EPS of $1.24 on revenue of $201.9 million.The company expects full-year non-GAAP EPS of $4.84 to $4.93 on revenue of $788.4 million to $793.4 million.Analysts project EPS of $4.74 on revenue of $796.2 million.SPS shares rose 3.3% in after-hours trading.

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Wire

SPS Commerce Shares Fall After Morgan Stanley Downgrade

SPS Commerce (SPSC) shares fell 4.6% in Tuesday trading after Morgan Stanley downgraded the stock to underweight from equalweight, and adjusted its price target to $57 per share from $70 earlier.Trading volume stood at over 450,000 shares, compared with a daily average of about 649,000.Price: $62.66, Change: $-3.06, Percent Change: -4.66%

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Research

Morgan Stanley Downgrades SPS Commerce to Underweight From Equalweight, Adjusts Price Target to $57 From $70

SPS Commerce (SPSC) has an average rating of hold and mean price target of $66.91, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

SPS Commerce Completes Sale of 3P Revenue Recovery Business

SPS Commerce (SPSC) said Tuesday it has completed the sale of its 3P Revenue Recovery business for $9.5 million in cash.In connection with the transaction, SPS Commerce said it will incur an estimated loss of about $20 million in Q2.Price: $57.60, Change: $-0.09, Percent Change: -0.16%

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Wire

Market Chatter: SPS Commerce Mulls Potential Sale Amid Pressure From Investors

SPS Commerce (SPSC) is mulling a potential sale amid mounting pressure from activist investors, Reuters reported Tuesday, citing people familiar with the matter.The company is working with Morgan Stanley (MS) on the sale and is expected to garner interest from private equity firms, people told the media outlet.SPS Commerce faces pressure from investors, including Anson Funds and Irenic Capital, which have sought changes, including a leadership reshuffle and a potential sale, according to the report.SPS Commerce did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.60, Change: $+0.73, Percent Change: +1.34%

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Wire

SPS Commerce Mulls Potential Sale Amid Pressure From Activist Investors, Reuters Reports

SPS Commerce Mulls Potential Sale Amid Pressure From Activist Investors, Reuters Reports

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Wire

SPS Commerce Q1 Disappoints, Amazon Headwinds Weigh on Growth, Morgan Stanley Says

SPS Commerce (SPSC) reported a disappointing Q1 with revenue missing consensus and continued headwinds from the Amazon (AMZN) policy change weighing on growth and prompting a reduction in full-year outlook, Morgan Stanley said in a Friday note.The company lowered its fiscal 2026 revenue guidance to a midpoint of 6.3% from 6.8%, reflecting lower than expected revenue from its Amazon recovery business in Q1, the investment firm said.While SPS Commerce's core business is growing at a high-single-digit rate, another quarter near the low end of guidance and a further reduction to its full-year revenue outlook are likely to weigh on investor confidence, according to the research note.The investment firm added that concerns around software growth and artificial intelligence-related risks remain elevated, and new growth initiatives are unlikely to materially contribute until 2027.Morgan Stanley maintained its equalweight rating on SPS Commerce and lowered its price target to $70 from $95.Shares of SPS Commerce were up nearly 5% in Friday trading.Price: $58.84, Change: $+2.72, Percent Change: +4.84%

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Research

Rothschild & Co Redburn Downgrades SPS Commerce to Neutral From Buy, Adjusts PT to $60 From $80

SPS Commerce (SPSC) has an average rating of Hold and mean price target of $80.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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