Sprout Social Sees Q4 EPS $0.00-$0.01 Vs $0.0 Est.; Revenue $90.5M-$90.6M Vs $89.98M Est.
Portfolio Pulse from Benzinga Newsdesk
Sprout Social has provided its Q4 2023 financial outlook, expecting total revenue between $90.5 million and $90.6 million, and non-GAAP operating income between $0.6 million and $0.7 million. The company also anticipates non-GAAP net income per share of $0.00 to $0.01. The CFO, Joe Del Preto, stated that their investments are yielding strong returns, with Q3 performance and leading indicators performing well.
November 02, 2023 | 9:17 pm
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POSITIVE IMPACT
Sprout Social's Q4 2023 financial outlook is positive, with expected revenue and non-GAAP operating income exceeding estimates. This could potentially lead to a positive impact on the company's stock price.
The company's projected revenue and non-GAAP operating income for Q4 2023 are higher than estimates, indicating strong financial performance. This positive outlook could increase investor confidence and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100