SPS Commerce Reports Third Quarter 2020 Financial Results
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SPS Commerce (SPSC) PT Raised to $95 at Needham & Company
October 29, 2020 6:40 AM EDTNeedham & Company analyst Scott Berg raised the price target on SPS Commerce (NASDAQ: SPSC) to $95.00 (from $80.00) while maintaining a Buy rating.
The analyst commented, "SPSC reported much better than expected 3Q results driven by suppliers and retailers seeking improved fulfillment automation technologies to meet... More
SPS Commerce (SPSC) Tops Q3 EPS by 6c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus, 4Q Revs. Outlook Above Consensus
October 28, 2020 4:47 PM EDTSPS Commerce (NASDAQ: SPSC) reported Q3 EPS of $0.39, $0.06 better than the analyst estimate of $0.33. Revenue for the quarter came in at $79.6 million versus the consensus estimate of $76.86 million.
Trading partners across the retail supply chain continue to rely on SPS Commerce to streamline order fulfillment, said Archie Black, President and CEO of SPS Commerce. As consumer preferences for omnichannel shopping accelerate, we are well-positioned to help our customers increase efficiency and automation in a rapidly changing environment.
Recent trends in retail have accelerated the pace of EDI... More
