Sprout Social (SPT) is gearing up to release its latest quarterly earnings report on Tuesday, February 20, 2024. Investors are eagerly anticipating this announcement to gain insights into the company’s financial performance and future prospects.
Analysts are forecasting that Sprout Social will report an earnings per share (EPS) of $0.00. Investors, especially Sprout Social bulls, will be looking for the company to not only meet or exceed this estimate but also provide positive guidance for the upcoming quarter. It is important to note that while an earnings beat or miss can impact stock price, guidance and forecasts often have a more significant influence on investor sentiment.
Looking back at Sprout Social’s past earnings performance, the company exceeded EPS expectations by $0.04 in the last quarter, leading to a 9.89% increase in the share price the following day. This trend underscores the importance of both meeting earnings estimates and delivering optimistic guidance to drive stock performance.
In terms of stock performance, Sprout Social shares were trading at $64.91 as of February 15, with a 10.27% increase over the past 52 weeks. These positive returns indicate that long-term shareholders are likely optimistic about the company’s prospects leading up to the earnings release.
For more detailed information on Sprout Social’s earnings releases and calendar, investors can visit Benzinga’s website. As always, it’s essential for investors to stay informed and track company updates to make sound investment decisions.
This article was generated by Benzinga’s automated content engine and reviewed by an editor, providing valuable insights for investors interested in Sprout Social’s upcoming earnings report.
