Sprout Social (NASDAQ:SPT) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Sprout Social beat estimated earnings by 28.57%, reporting an EPS of $-0.05 versus an estimate of $-0.07.
Revenue was up $15.92 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 3.14% increase in the share price the next day.
Here's a look at Sprout Social's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.08 | -0.1 | -0.10 | -0.11 |
| EPS Actual | -0.03 | 0 | -0.05 | -0.06 |
| Revenue Estimate | 47.36M | 42.88M | 39.73M | 35.87M |
| Revenue Actual | 49.09M | 44.69M | 40.82M | 37.35M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sprout Social management provided guidance for their next quarter, expecting earnings between $-0.05 and $-0.04 per share for the next quarter.
This represents a 10.0% in quarter-over-quarter growth for Sprout Social, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
