Yahoo Finance Sprout Social Full Year 2023 Earnings: In Line With Expectations
Sprout Social (NASDAQ:SPT) Full Year 2023 Results
Key Financial Results
Revenue: US$333.6m (up 31% from FY 2022).
Net loss: US$66.4m (loss widened by 32% from FY 2022).
US$1.18 loss per share (further deteriorated from US$0.92 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sprout Social Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 4.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Sprout Social (1 is a bit unpleasant) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
