Earnings results for Sprout Social (NASDAQ:SPT)
BlackLine, Inc. is expected* to report earnings on 08/05/2021 after market close. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.17. The reported EPS for the same quarter last year was $0.03.
Sprout Social last issued its quarterly earnings results on August 3rd, 2021. The reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.06. The firm earned $44.69 million during the quarter, compared to the consensus estimate of $43.08 million. Sprout Social has generated ($0.62) earnings per share over the last year (($0.46) diluted earnings per share). Earnings for Sprout Social are expected to decrease in the coming year, from ($0.55) to ($0.56) per share. Sprout Social has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. Sprout Social will be holding an earnings conference call on Tuesday, November 2nd at 5:00 PM Eastern. Interested parties can .
Analyst Opinion on Sprout Social (NASDAQ:SPT)
According to the issued ratings of 10 analysts in the last year, the consensus rating for Sprout Social stock is Buy based on the current 1 hold rating and 9 buy ratings for SPT. The average twelve-month price target for Sprout Social is $137.78 with a high price target of $160.00 and a low price target of $81.00.
Sprout Social has received a consensus rating of Buy. The company’s average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $137.78, Sprout Social has a forecasted upside of 7.9% from its current price of $127.68. Sprout Social has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Sprout Social (NASDAQ:SPT)
Sprout Social does not currently pay a dividend. Sprout Social does not have a long track record of dividend growth.
Insiders buying/selling: Sprout Social (NASDAQ:SPT)
In the past three months, Sprout Social insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $21,622,591.00 in company stock. 14.86% of the stock of Sprout Social is held by insiders. A high percentage of insider ownership can be a sign of company health. 76.19% of the stock of Sprout Social is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Sprout Social (NASDAQ:SPT
Earnings for Sprout Social are expected to decrease in the coming year, from ($0.55) to ($0.56) per share. The P/E ratio of Sprout Social is -277.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Sprout Social is -277.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
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