Brokers Offer Predictions for SPS Commerce FY2026 Earnings

Key Points

• Northland Securities raised its FY2026 EPS forecast for SPS Commerce to $3.67 from $3.57, matching the current analyst consensus; it projects $3.84 EPS for FY2027.
• Analyst sentiment is broadly neutral: the stock has an average “Hold” rating and a consensus price target of $79.33, though individual targets range from $70 to $100.
• SPS Commerce beat quarterly expectations, reporting EPS of $1.39 versus $1.23 forecast and revenue of $197.65 million; revenue increased 4.1% year over year.

SPS Commerce, Inc. (NASDAQ:SPSC - Free Report) - Northland Securities boosted their FY2026 earnings per share (EPS) estimates for SPS Commerce in a note issued to investors on Friday, October 30th. Northland Securities analyst N. Chokshi now forecasts that the software maker will post earnings of $3.67 per share for the year, up from their prior forecast of $3.57. The consensus estimate for SPS Commerce's current full-year earnings is $3.67 per share. Northland Securities also issued estimates for SPS Commerce's Q4 2026 earnings at $1.01 EPS and FY2027 earnings at $3.84 EPS.

A number of other analysts have also weighed in on the stock. DA Davidson raised their target price on shares of SPS Commerce from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, October 30th. Zacks Research upgraded shares of SPS Commerce from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price target (up from $75.00) on shares of SPS Commerce in a research note on Wednesday, August 19th. Citigroup reissued a "buy" rating and set a $99.00 price objective (up from $82.00) on shares of SPS Commerce in a report on Tuesday, October 20th. Finally, Weiss Ratings upgraded SPS Commerce from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SPS Commerce has an average rating of "Hold" and a consensus price target of $79.33.

SPS Commerce Price Performance

SPSC stock opened at $85.25 on Wednesday. The company has a 50 day simple moving average of $83.54 and a 200 day simple moving average of $68.34. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 24.03 and a beta of 0.66. SPS Commerce has a 1 year low of $49.04 and a 1 year high of $96.54.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its earnings results on Thursday, October 29th. The software maker reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. SPS Commerce had a net margin of 10.65% and a return on equity of 13.72%. The firm had revenue of $197.65 million during the quarter, compared to analysts' expectations of $197.51 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. The business's revenue for the quarter was up 4.1% compared to the same quarter last year.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in shares of SPS Commerce by 100.0% in the third quarter. Parallel Advisors LLC now owns 566 shares of the software maker's stock worth $47,000 after acquiring an additional 283 shares during the period. Inscription Capital LLC bought a new stake in SPS Commerce in the third quarter valued at approximately $276,000. Greenleaf Trust bought a new stake in SPS Commerce in the third quarter valued at approximately $237,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in SPS Commerce during the 3rd quarter valued at approximately $185,000. Finally, Vise Technologies Inc. increased its position in SPS Commerce by 16.3% during the 3rd quarter. Vise Technologies Inc. now owns 4,276 shares of the software maker's stock valued at $353,000 after purchasing an additional 600 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management software for retailers, suppliers, distributors and logistics providers. Its platform helps businesses manage and automate transactions and workflows across complex retail and e-commerce networks.

The company's solutions include electronic data interchange (EDI), order management, inventory visibility, fulfillment, invoice and payment processing, product information management, and supply chain analytics. These tools are designed to connect trading partners, reduce manual data entry, improve order accuracy and support more efficient movement of products from suppliers to consumers.

Founded in 2001 and headquartered in Minneapolis, Minnesota, SPS Commerce serves businesses across retail and wholesale ecosystems in North America and other international markets.

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