Sprout Social Inc reports results for the quarter ended September 30 - Earnings Summary

Sprout Social

08/11/2024 16:31

* Sprout Social Inc  SPT.OQ  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -1 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 12 cents
per share. Wall Street expected results to range from 11 cents
to 13 cents per share.
    * Revenue rose 20% to $102.64 million from a year ago;
analysts
expected $102.00 million. 
    * Sprout Social Inc's reported EPS for the quarter was a
loss
of 30 cents​.
    * The company reported a quarterly loss of $17.09 million.
    * Sprout Social Inc shares had risen by 6.6% this
quarter and
lost 49.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 5
"hold" and 1 "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 $40.00 
This summary was machine generated from LSEG data November 8 at
04:31 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
 Sep. 30 2024      0.12           0.13           Beat
 Jun. 30 2024      0.08           0.09           Beat
 Mar. 31 2024      0.01           0.10           Beat
 Dec. 31 2023      0.00           0.02           Beat