Stamps.com (STMP) Blows Out Q2 Results, Raises Guidance

Stamps.com (NASDAQ: STMP) reported Q2 EPS of $3.11, $1.85 better than the analyst estimate of $1.26. Revenue for the quarter came rose 49% to $206.7 million versus the consensus estimate of $153.3 million.

“In recent months, e-commerce has provided an important lifeline to many businesses and individuals in the context of the COVID-19 pandemic, and we value our ability to provide a best-in-class critical shipping technology that enables such e-commerce activity for our customers and partners during this difficult time. We are proud of our resilient employee base throughout the world and at all levels who continue to excel during these challenging circumstances to make significant strides towards our goal of being the leading worldwide multi-carrier e-commerce shipping software company,” said Ken McBride, Stamps.com’s Chairman and CEO.

GUIDANCE:

Stamps.com sees FY2020 EPS of $6.25-$9.25, versus the consensus of $5.10. Stamps.com sees FY2020 revenue of $650-725 million, versus the consensus of $618.11 million.

For earnings history and earnings-related data on Stamps.com (STMP) click here.

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