SPS Commerce (Nasdaq: SPSC ) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), SPS Commerce beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased.
Gross margins shrank, operating margins expanded, net margins increased.
SPS Commerce tallied revenue of $17.8 million. The eight analysts polled by S&P Capital IQ predicted a top line of $17.6 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $13.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.11. The eight earnings estimates compiled by S&P Capital IQ predicted $0.10 per share. GAAP EPS were $0.03 for Q2 versus -$0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 72.8%, 30 basis points worse than the prior-year quarter. Operating margin was 4.2%, 300 basis points better than the prior-year quarter. Net margin was 2.4%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $18.2 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $71.0 million. The average EPS estimate is $0.42.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SPS Commerce is outperform, with an average price target of $31.75.
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