Sprout Social Q2 Adj EPS $0.07 Beats $(0.02) Estimate, Sales $79.31M Beat $78.72M Estimate
Portfolio Pulse from sunil@benzinga.com
Sprout Social reported Q2 earnings of $0.07 per share, beating the analyst consensus estimate of $(0.02) by 450 percent. This is a 275 percent increase over losses of $(0.04) per share from the same period last year. The company also reported quarterly sales of $79.31 million, beating the analyst consensus estimate of $78.72 million by 0.76 percent, a 29.11 percent increase over sales of $61.43 million the same period last year.
August 04, 2023 | 2:39 pm
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POSITIVE IMPACT
Sprout Social's Q2 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Sprout Social's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price. The significant YoY growth in earnings and sales further strengthens the company's financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100