Sprout Social Q1 2024 Adj EPS $0.10 Beats $0.01 Estimate, Sales $96.874M Miss $97.306M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sprout Social reported Q1 2024 adjusted earnings of $0.10 per share, surpassing the $0.01 estimate, marking a 66.67% increase from last year. However, their sales of $96.874M fell short of the $97.306M estimate, despite being a 28.80% increase from the previous year.

May 02, 2024 | 8:12 pm
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POSITIVE IMPACT
Sprout Social's Q1 2024 earnings outperformed expectations with a significant EPS increase, though sales slightly missed estimates.
The substantial beat on the EPS estimate, showing a strong profit growth, is likely to positively impact investor sentiment and the stock price in the short term. However, the slight miss on sales estimates could temper some of the enthusiasm, but the overall positive earnings growth and beating EPS estimates significantly are expected to have a more dominant positive effect.
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IMPORTANCE 90
RELEVANCE 100