SPS Commerce Beats Q2 Estimates, But Revenue Growth Is A Concern
SPS(SPSC) Seeking Alpha·2024-07-31 00:46
B4LLS Investment Outlook SPS Commerce, Inc. (NASDAQ:SPSC) recently reported its Q2 2024 financial results, beating revenue and earnings consensus estimates. I previously wrote about SPSC in May 2023 with a Hold outlook due to revenue growth and strong free cash flow. Those results have continued, but the stock is highly valued, nearly at a 52-week-high, while forward revenue growth appears to be dropping. I remain Neutral (Hold), but I'm cautious due to concern about future revenue growth rate. SPS’ Mar ...