SPS Commerce shares surged 5.7% to close at $58.87 in the last trading session, driven by reports that the supply chain software provider is exploring a potential sale following pressure from activist shareholders. The move was backed by solid volume, with far more shares changing hands than in a normal session, and compares to a 4.1% gain over the past four weeks. The company is expected to report quarterly earnings of $1.08 per share, an 8% increase year-over-year, on revenues of $195.14 million, up 4.1% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, and the stock currently carries a Zacks Rank of 2, or Buy.
SPS Commerce IncReports of potential sale following activist pressure drove shares up 5.7%
Bowman Consulting Group Ltd