Sprout Social (SPT) Reports Q1 Loss, Tops Revenue Estimates

By Zacks8 days ago

Sprout Social (SPT) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this developer of cloud software would post a loss of $0.11 per share when it actually produced a loss of $0.06, delivering a surprise of 45.45%.

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Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Sprout Social, which belongs to the Zacks Internet - Services industry, posted revenues of $40.82 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 2.82%. This compares to year-ago revenues of $30.54 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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