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

• 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)