Zacks: Analysts expect Sprout Social, Inc. (NASDAQ: SPT) to report EPS of -$0.04
Wall Street analysts expect Sprout Social, Inc. (NASDAQ:SPT – Get Rating) to report earnings per share of ($0.04) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have released earnings estimates for Sprout Social, with the highest EPS estimate of $0.04 and the lowest estimate of $0.05. Sprout Social reported earnings of ($0.05) per share in the same quarter last year, indicating a positive 20% year-over-year growth rate. The company is expected to announce its next results after the market closes on Monday, January 1.
On average, analysts expect Sprout Social to report annual earnings of ($0.13) per share for the current year, with EPS estimates ranging from ($0.14) to ($0. $13). For the next fiscal year, analysts expect the company to report earnings of ($0.02) per share, with EPS estimates ranging from ($0.07) to $0.11. Zacks’ EPS calculations are an average based on a survey of sell-side research companies that track Sprout Social.
Sprout Social (NASDAQ:SPT – Get Rating) last reported quarterly earnings data on Tuesday, February 22. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.01). The company posted revenue of $53.27 million for the quarter, versus analyst estimates of $51.28 million. During the same period of the previous year, the company posted an EPS of ($0.11). Sprout Social’s quarterly revenue increased 42.6% year over year.
SPT has been the subject of several research analyst reports. Canaccord Genuity Group lowered its price target on Sprout Social shares from $155.00 to $75.00 and set a “buy” rating for the company in a Wednesday, February 23 report. Stifel Nicolaus lowered his price target on Sprout Social shares from $155.00 to $100.00 and set a “buy” rating for the company in a Wednesday, February 23 report. Cantor Fitzgerald kicked off Sprout Social stock coverage in a report on Tuesday, April 5. They set an “overweight” rating and a price target of $99.00 for the company. Piper Sandler lowered its price target on Sprout Social shares from $125.00 to $98.00 and set an “overweight” rating for the company in a Wednesday, Feb. 23 report. Finally, Robert W. Baird lowered his price target on Sprout Social shares from $165.00 to $110.00 in a Wednesday, February 23 report. Two equity research analysts gave the stock a hold rating and eleven gave the stock a buy rating. According to data from MarketBeat, Sprout Social has an average rating of “Buy” and an average target price of $104.42.
In other news from Sprout Social, Chairman Ryan Paul Barretto sold 5,600 shares of the company in a trade on Monday, April 4. The shares were sold at an average price of $83.39, for a total transaction of $466,984.00. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, CTO Aaron Edward Frederick Rankin sold 32,000 shares in a trade dated Thursday, January 20. The stock was sold at an average price of $64.12, for a total transaction of $2,051,840.00. The disclosure of this sale can be found here. Insiders sold 159,851 shares of the company worth $10,814,178 in the past ninety days. Insiders hold 14.86% of the shares of the company.
Several hedge funds have recently increased or reduced their stakes in the company. Norges Bank bought a new position in shares of Sprout Social during Q4 for a value of approximately $13,435,000. Ascent Group LLC purchased a new stock position in Sprout Social during Q4 for a value of approximately $230,000. Compass Financial Advisors LLC purchased a new position in shares of Sprout Social during Q4 for a value of approximately $1,067,000. BlackRock Inc. increased its holdings of Sprout Social shares by 1.2% in the fourth quarter. BlackRock Inc. now owns 3,738,364 shares of the company worth $339,033,000 after acquiring 45,923 additional shares in the last quarter. Finally, EFG Asset Management North America Corp. acquired a new equity stake in Sprout Social in Q4 for a value of approximately $1,712,000. 83.57% of the shares are currently held by institutional investors.
Shares of SPT opened at $74.15 on Wednesday. Sprout Social has a one-year minimum of $48.79 and a one-year maximum of $145.42. The company has a market capitalization of $4.02 billion, a P/E ratio of -139.91 and a beta of 1.29. The company has a 50-day simple moving average of $69.63 and a two-hundred-day simple moving average of $90.99.
Sprout Social Enterprise Profile (Get an evaluation)
Sprout Social, Inc designs, develops and operates a web-based social media management platform in the Americas, Europe, Middle East, Africa and Asia-Pacific. It provides cloud-based software that brings together social messaging, data, and workflows into a unified system of record, intelligence, and action.
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