Sprout Social on Thursday Issued Guidance; Sees Q3 Revenue $84.1M-$84.2M vs $85.34M Est., Adj. EPS ~$(0.05)% vs $0.03 Est.
Portfolio Pulse from Benzinga Newsdesk
Sprout Social has issued its Q3 guidance, expecting revenue to be between $84.1M and $84.2M, which is lower than the estimated $85.34M. The company also anticipates an adjusted EPS of approximately -$(0.05), compared to the estimated $0.03.
August 04, 2023 | 4:15 pm
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NEGATIVE IMPACT
Sprout Social's lower than expected Q3 revenue and negative EPS could negatively impact its stock price.
Sprout Social's Q3 guidance is lower than the market's expectations, both in terms of revenue and EPS. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100