Why Sprout Social (SPT) Shares Are Falling Today

StockStory11-09

Why Sprout Social (SPT) Shares Are Falling Today What Happened? Shares of social media management software company Sprout (NASDAQ:SPT) fell 16.5% in the morning session after the company reported ...

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Its EPS and revenue guidance for next quarter missed Wall Street's estimates. Notably, remaining performance obligations  fell below consensus estimates during the quarter, raising concerns about sales heading in the last quarter of the year. Overall, this quarter could have been better.The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Sprout Social?Access our full analysis report here, it’s free.Sprout Social’s shares are quite volatile and have had 17 moves greater than 5% over the last year. But moves this big are rare even for Sprout Social and indicate this news significantly impacted the market’s perception of the business.When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPT":"Sprout Social, Inc.","BK4023":"应用软件"},"translate_title":"为什么Sprout Social(SPT)股价今天下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPT":1},"content_text":"Why Sprout Social (SPT) Shares Are Falling Today \n \n\nWhat Happened?\nShares of social media management software company Sprout (NASDAQ:SPT) fell 16.5% in the morning session after the company reported weak third-quarter earnings. Its EPS and revenue guidance for next quarter missed Wall Street's estimates. Notably, remaining performance obligations (RPO - leading revenue indicator) fell below consensus estimates during the quarter, raising concerns about sales heading in the last quarter of the year. Overall, this quarter could have been better. \nThe stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Sprout Social? Access our full analysis report here, it’s free.\nWhat The Market Is Telling Us\nSprout Social’s shares are quite volatile and have had 17 moves greater than 5% over the last year. But moves this big are rare even for Sprout Social and indicate this news significantly impacted the market’s perception of the business. \nThe biggest move we wrote about over the last year was 6 months ago when the stock dropped 37.3% on the news that the company reported weak first-quarter results with its full-year revenue guidance below expectations. Notably, full-year revenue guidance was lowered to a range of $405.0- $406.0 million (vs. previous expectations of $425.3 - $425.5 million). This is never a good sign. \nKey top line metrics, including ARR (annual recurring revenue), billings, and revenue, also missed analysts' estimates during the quarter. \nThe company called out a couple of factors contributing to the top line underperformance: Notably, the strategic focus shifted from small and medium-sized businesses (SMBs) to large enterprise customers. This change redirected resources towards closing high-value enterprise deals, resulting in less emphasis on generating a new sales pipeline. Consequently, the company experienced a decline in net new revenue additions.\nAlso, the company called out an accounting change, which resulted in a $4.4 million reduction in Q1 sales. In addition, Sprout Social announced a CEO succession plan. \nOverall, this was a bad quarter for Sprout Social. Following the weak performance, Wall Street analysts downgraded the stock's rating. Baird lowered the stock's rating from Outperform to Neutral and trimmed the price target from $72 to $45. Similarly, Piper Sandler downgraded SPT's rating from Overweight to Neutral and lowered the price target from $66 to $40.\nSprout Social is down 52.3% since the beginning of the year, and at $27.09 per share, it is trading 59% below its 52-week high of $66.14 from January 2024. Investors who bought $1,000 worth of Sprout Social’s shares at the IPO in December 2019 would now be looking at an investment worth $1,689. \nWhen a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482450388"}