Advertisement
UK markets closed

  • FTSE 100

    8,420.26
    -18.39 (-0.22%)
     

  • FTSE 250

    20,749.90
    -72.94 (-0.35%)
     

  • AIM

    794.02
    +1.52 (+0.19%)
     

  • GBP/EUR

    1.1678
    +0.0023 (+0.20%)
     

  • GBP/USD

    1.2706
    +0.0035 (+0.28%)
     

  • Bitcoin GBP

    52,626.95
    +1,248.11 (+2.43%)
     

  • CMC Crypto 200

    1,363.97
    -9.87 (-0.72%)
     

  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     

  • DOW

    40,003.59
    +134.21 (+0.34%)
     

  • CRUDE OIL

    80.00
    +0.77 (+0.97%)
     

  • GOLD FUTURES

    2,419.80
    +34.30 (+1.44%)
     

  • NIKKEI 225

    38,787.38
    -132.88 (-0.34%)
     

  • HANG SENG

    19,553.61
    +177.08 (+0.91%)
     

  • DAX

    18,704.42
    -34.39 (-0.18%)
     

  • CAC 40

    8,167.50
    -20.99 (-0.26%)
     
Property:

9 houses with great-looking gardens

Check out these homes if inspiring outside space tops your property wish list

Compared to Estimates, Sprout Social (SPT) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

Sprout Social (SPT) reported $96.78 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 28.7%. EPS of $0.10 for the same period compares to $0.06 a year ago.

The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $97.29 million. With the consensus EPS estimate being $0.01, the EPS surprise was +900.00%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Sprout Social performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Number of customers contributing more than $10,000 in ARR: 8,823 versus 9,154 estimated by two analysts on average.

  • Revenue- Professional services and other: $1 million versus the six-analyst average estimate of $0.93 million. The reported number represents a year-over-year change of +111.7%.

  • Revenue- Subscription: $95.79 million versus the six-analyst average estimate of $96.37 million. The reported number represents a year-over-year change of +28.2%.

View all Key Company Metrics for Sprout Social here>>>

Shares of Sprout Social have returned -10.9% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Sprout Social, Inc. (SPT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research