SPSC
SPS Commerce Inc
Technology
SPS Commerce Inc (SPSC) Stock News
The latest SPSC headlines and market coverage — 1 recent story, updated throughout the day.
- Zacks Investment Research·Neutral
SPS Commerce (SPSC) Surges 7.1%: Is This an Indication of Further Gains?
SPS Commerce shares rallied 7.1% to $82.68 following reports of advanced buyout talks with private equity firm GTCR. The supply chain software provider is expected to post quarterly earnings of $1.22 per share (up 8% YoY) with revenues of $197.31 million (up 3.9% YoY). However, with unchanged earnings estimate revisions over the past 30 days, analysts caution that the stock may struggle to sustain momentum without further positive estimate revisions. SPSC carries a Zacks Rank #3 (Hold).