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

Sprout Social

01/08/2024 22:39

* Sprout Social Inc  SPT.OQ  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 7 cents to 10 cents per share.
    * Revenue rose 25.3% to $99.40 million from a year ago;
analysts
expected $98.68 million. 
    * Sprout Social Inc's reported EPS for the quarter was a
loss
of 30 cents​.
    * The company reported a quarterly loss of $16.89 million.
    * Sprout Social Inc shares had risen by 9.5% this
quarter and
lost 36.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 42.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 7
"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 $44.00 
This summary was machine generated from LSEG data August 1 at
09:38 p.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
 Jun. 30 2024      0.08           0.09           Beat
 Mar. 31 2024      0.01           0.10           Beat
 Dec. 31 2023      0.00           0.02           Beat
 Sep. 30 2023      -0.05          -0.01          Beat