SPS Commerce Reports Record Q4 Non-GAAP EPS of $0.63 in 2023, Beating Expectations by $0.09.
February 11, 2023
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SPS ($NASDAQ:SPSC) Commerce, a leading cloud-based supply chain management network, released its fourth quarter of 2023 earnings report, with a Non-GAAP Earnings Per Share (EPS) of $0.63. This number exceeded analyst expectations by nine cents, making it the highest quarterly Non-GAAP EPS in the company’s history. SPS Commerce is a cloud-based supply chain software platform that enables retailers, suppliers, and logistics partners to streamline the trading process. The company’s software solutions include inventory visibility, order management, and data analytics tools. The strong fourth quarter result was driven by SPS Commerce’s ability to generate a growing number of customers.
The company’s stock price was also positively impacted by the record fourth quarter earnings. Overall, SPS Commerce’s record fourth quarter Non-GAAP EPS of $0.63 demonstrates the company’s strong performance and ability to exceed expectations. With a growing customer base and increased average contract value, SPS Commerce appears to be on track for continued success in the future.
Price History
On Thursday, SPS Commerce reported its fourth quarter financial results for the year 2023, posting record non-GAAP earnings per share of $0.63, beating analysts’ expectations by $0.09. The company’s stock opened Thursday at $139.3 and closed at $137.5, up by a modest 0.2% from the prior closing price of 137.3. These investments included enhancements to existing offerings, such as a comprehensive suite of e-commerce solutions, enriched data integration capabilities, new ways to increase efficiency, and a re-design of their user experience.
This was partially offset by higher operating costs, primarily associated with sales and marketing, leading to a slight decline in gross margin compared to the same period last year. Looking forward, SPS Commerce is confident that they are well positioned to capitalize on the continued surge in demand for digital commerce solutions from companies of all sizes. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sps Commerce. More…
| Total Revenues | Net Income | Net Margin |
| 431.61 | 51.98 | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sps Commerce. More…
| Operations | Investing | Financing |
| 107.81 | -75.21 | -41.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sps Commerce. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 637.09 | 129.43 | 14.09 |
Key Ratios Snapshot
Some of the financial key ratios for Sps Commerce are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.7% | 23.5% | 15.6% |
| FCF Margin | ROE | ROA |
| 20.8% | 8.4% | 6.6% |
Analysis
SPS COMMERCE has been evaluated by GoodWhale and the analysis revealed that it is a medium risk investment. This is based on the company’s financial and business aspects, which have been reviewed in detail. The assessment conducted by GoodWhale also revealed 3 risk warnings that were found in the income sheet, cashflow statement, and non-financial data. All of these factors have been taken into account to determine the risk level for this investment. When investing in any company, it is important to always take into consideration the financials and other relevant data. By analyzing the financials, potential investors can gain a better understanding of the company and see if it is an appropriate investment for them. GoodWhale’s analysis of SPS COMMERCE can help potential investors make an informed decision about whether they should invest in the company. GoodWhale encourages investors to register with them and check out the risk warnings they have identified in SPS COMMERCE. Doing this will provide investors with a detailed overview of the company’s financials and business aspects. With this information, investors can make an informed decision about whether to invest in SPS COMMERCE or not. Overall, SPS COMMERCE has been rated as a medium risk investment. Prospective investors should always conduct their own research and review the financials before making any investment decisions. More…
Peers
The company offers a suite of solutions that enable businesses to automate and optimize their supply chain operations. Its competitors include Equal Trading Inc, TradeGo FinTech Ltd, and Oidon Co Ltd.
– Equal Trading Inc ($OTCPK:EQTD)
SalaryGo is a leading financial technology company that provides innovative solutions to businesses and individuals worldwide. The company has a market capitalization of 534M as of 2022 and a return on equity of 14.25%. SalaryGo’s products and services include online banking, mobile banking, personal finance management, and investment management. The company also offers a range of other financial services, such as credit cards, loans, and insurance.
Summary
SPS Commerce reported record non-GAAP earnings per share (EPS) of $0.63 for their fourth quarter in 2023, exceeding analyst expectations by $0.09. This is a positive indicator of the company’s financial growth and stability, which could make it an attractive investment. Investors should watch out for additional news and developments surrounding SPS Commerce in order to gain further insight into its future potential.
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