Sprout Social Q4 EPS $0.02 Down From $0.03 YoY, Sales $93.58M Beat $90.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sprout Social reported a Q4 EPS of $0.02, a decrease from $0.03 YoY, but its sales of $93.58M exceeded estimates by 3.13% and grew 34.34% YoY.
February 20, 2024 | 9:07 pm
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Sprout Social's Q4 EPS decreased to $0.02 from $0.03 YoY, but sales rose to $93.58M, surpassing estimates and showing significant growth.
The decrease in EPS might concern some investors, indicating potential profitability issues. However, the significant sales growth and beating of estimates could offset these concerns, suggesting strong demand for Sprout Social's offerings. The mixed results lead to a neutral short-term impact expectation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100