SPS Commerce (SPSC - Free Report) shares soared 3.6% in the last trading session to close at $161.71. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 21.8% gain over the past four weeks.
The stock is benefiting from the company’s strong business, driven by increasing demand for its fulfillment solutions.
This provider of supply chain software services to businesses is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +5.1%. Revenues are expected to be $97.33 million, up 22.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For SPS Commerce, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SPSC going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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SPS Commerce (SPSC - Free Report) shares soared 3.6% in the last trading session to close at $161.71. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 21.8% gain over the past four weeks.
The stock is benefiting from the company’s strong business, driven by increasing demand for its fulfillment solutions.
This provider of supply chain software services to businesses is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +5.1%. Revenues are expected to be $97.33 million, up 22.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For SPS Commerce, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SPSC going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
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