Social sprout SPT will release its latest quarterly earnings report on Tuesday, 02/20/2024. Here’s what investors need to know ahead of the announcement.
Analysts estimate that Sprout Social will report a earning per share (EPS) of $0.00.
Sprout Social bulls are hoping to hear the company announce not only that it beat that estimate, but also provide positive guidance, or expected growth, for the next quarter.
New investors should keep in mind that sometimes it’s not the beat or miss that most influences a stock’s price, but the direction (or forecast).
Past earnings performance
In the last quarter the company beat EPS by $0.04, followed by a 9.89% increase in the stock price the next day.
Here’s a look at Sprout Social’s past performance and resulting price change:
| Quarter | Third quarter 2023 | Second quarter 2023 | First quarter 2023 | Fourth quarter 2022 |
|---|---|---|---|---|
| EPS estimate | -0.05 | -0.02 | -0.01 | -0.02 |
| Actual EPS | -0.01 | 0.07 | 0.06 | 0.03 |
| Price change % | 9.89% | -12.31% | -12.14% | 8.14% |
Stock performance
Sprout Social shares were trading at $64.91 as of Feb. 15. Over the past 52 weeks, shares have risen 10.27%. Given that these returns are generally positive, long-term shareholders will likely be bullish ahead of the earnings release.
To keep track of all earnings releases for Sprout Social, visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.