Sprout Social Inc expected to post earnings of 1 cent a share - Earnings Preview

Sprout Social

30/04/2024 22:33

* Sprout Social Inc  SPT.OQ   SPT.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Chicago Illinois-based  company is expected to report
a
29.4% increase in revenue to $97.306 million from $75.21 million
a year ago, according to the mean estimate from 13 analysts,
based on LSEG data.The company's guidance on February 20 2024,
for the period ended March 31, was for revenue between $97.20
million and $97.30 million.
    * ​LSEG's mean analyst estimate for Sprout Social Inc is for
earnings of 1 cent per share. The company's EPS guidance on
February 20 2024, for the period ended March 31, was between
$0.00 and $0.01 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 20.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Sprout
Social Inc
is $72.00​, above​ its last closing price of $52.03. ​​​

The company's guidance on February 20 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD600 thousand and USD700 thousand.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.00        0.00       0.02      Beat    515.4
 Sep. 30 2023  -0.05       -0.05      -0.01     Beat    78.7
 Jun. 30 2023  -0.02       -0.02      0.07      Beat    516.2​
 Mar. 31 2023  -0.01       -0.01      0.06      Beat    925.3
 ​​Dec.        -0.02       -0.02      0.03      Beat    257.2
 31 2022                                                
 Sep. 30 2022  -0.04       -0.04      -0.02     Beat    49​
 Jun. 30 2022  -0.06       -0.06      -0.04     Beat    31.1
 Jan. 1 0001   -0.04       -0.04      -0.03     Beat    27
 This summary was machine generated April 30 at 21:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)