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

• Sprout Social Inc SPT.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 15 cents to 16 cents per share.

• Revenue rose 12.5% to $111.78 million from a year ago; analysts expected $110.92 million.

• Sprout Social Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $11.99 million.

• Sprout Social Inc shares had fallen by 22.4% this quarter and lost 47.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.1% 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 6 "strong buy" or "buy," 6 "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 $27.00, about 40.5% above its last closing price of $16.06

This summary was machine generated from LSEG data August 7 at 12:43 a.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)