Sprout Social Inc reports results for the quarter ended in December - Earnings Summary

Sprout Social

21/02/2024 10:44

* Sprout Social Inc  SPT.OQ  reported quarterly adjusted
earnings
of 2 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of thirteen analysts for the
quarter was for breakeven results per share. Wall Street
expected results to range from -1 cents to 1 cents per share.
    * Revenue rose 34.3% to $93.58 million from a year ago;
analysts
expected $90.74 million. 
    * Sprout Social Inc's reported EPS for the quarter was a
loss
of 36 cents​.
    * The company reported a quarterly loss of $20.08 million.
    * Sprout Social Inc shares had risen by 4.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Sprout Social Inc
is $72.50 
This summary was machine generated from LSEG data February 21 at
10:43 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.00           0.02           Beat
 Sep. 30 2023      -0.05          -0.01          Beat
 Jun. 30 2023      -0.02          0.07           Beat
 Mar. 31 2023      -0.01          0.06           Beat