Sprout Social, Inc. (NASDAQ:SPT) Just Reported, And Analysts Assigned A US$38.17 Price Target

Simply Wall St.11-10

Last week saw the newest third-quarter earnings release from Sprout Social, Inc. (NASDAQ:SPT), an important milestone in the company's journey to build a stronger business. Revenues were in line with ...

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Revenues were in line with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sprout-social-inc-nasdaq-spt-143900914.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sprout Social, Inc. 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(NASDAQ:SPT) Just Reported, And Analysts Assigned A US$38.17 Price Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-10 22:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sprout-social-inc-nasdaq-spt-143900914.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week saw the newest third-quarter earnings release from Sprout Social, Inc. (NASDAQ:SPT), an important milestone in the company's journey to build a stronger business. Revenues were in line with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sprout-social-inc-nasdaq-spt-143900914.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://finance.yahoo.com/news/sprout-social-inc-nasdaq-spt-143900914.html","article_id":"2482826457","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/3wFOxca.gMo3EgB9BjBM9g--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/41bdd0c670f621394929d5266c5d6c72"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482826457","pubTimestamp":1731249540,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Last week saw the newest third-quarter earnings release from Sprout Social, Inc. , an important milestone in the company's journey to build a stronger business. Revenues were in line with expectations, at US$103m, while statutory losses ballooned to US$0.30 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite","SPT":"Sprout Social, Inc.","NDAQ":"纳斯达克OMX交易所"},"translate_title":"Sprout Social，Inc.（纳斯达克：SPT）刚刚发布报告，分析师将目标价定为38.17美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NDAQ":1,"SPT":1},"content_text":"Last week saw the newest third-quarter earnings release from Sprout Social, Inc. (NASDAQ:SPT), an important milestone in the company's journey to build a stronger business. Revenues were in line with expectations, at US$103m, while statutory losses ballooned to US$0.30 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. \n See our latest analysis for Sprout Social \n\n\n\n  NasdaqCM:SPT Earnings and Revenue Growth November 10th 2024\n \n\n Taking into account the latest results, the most recent consensus for Sprout Social from twelve analysts is for revenues of US$467.0m in 2025. If met, it would imply a solid 19% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 34% to US$0.77. Before this latest report, the consensus had been expecting revenues of US$475.0m and US$0.81 per share in losses. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for losses per share, even though the revenue numbers were unchanged. \n The consensus price target fell 7.8% to US$38.17despite the forecast for smaller losses next year. It looks like the ongoing lack of profitability is starting to weigh on valuations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Sprout Social analyst has a price target of US$55.00 per share, while the most pessimistic values it at US$23.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business. \n These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Sprout Social's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Sprout Social's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 15% growth on an annualised basis. This is compared to a historical growth rate of 28% over the past five years. Compare this to the 419 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 12% per year. Factoring in the forecast slowdown in growth, it looks like Sprout Social is forecast to grow at about the same rate as the wider industry. \nThe Bottom Line \n The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business. \n Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Sprout Social analysts - going out to 2026, and you can see them free on our platform here. \n We don't want to rain on the parade too much, but we did also find 2 warning signs for Sprout Social that you need to be mindful of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.","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":"","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/2482826457"}