Sprout Social is a leading social media management platform that enables businesses to effectively engage with their audiences across various social channels
The company provides tools for social media publishing, analytics, and customer engagement, helping organizations to create, execute, and measure their social media strategies efficiently. With a focus on enhancing brand visibility, driving customer interactions, and optimizing marketing efforts, Sprout Social empowers companies to build meaningful relationships with their customers in an increasingly digital landscape.
Over the past six months, Sprout Social’s shares (currently trading at $33.10) have posted a disappointing 15.3% loss, well below the S&P 500’s 10.2% gain. This might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Sprinklr (NYSECXM) and the best and worst performers in the sales and marketing software industry.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at sales and marketing software stocks, starting with Sprout Social (NASDAQSPT).
Shares of social media management software company Sprout (NASDAQSPT)
fell 16.5% in the morning session after the company reported weak third-quarter earnings. Its EPS and revenue guidance for next quarter missed Wall Street's estimates. Notably, remaining performance obligations (RPO - leading revenue indicator) fell below consensus estimates during the quarter, raising concerns about sales heading in the last quarter of the year. Overall, this quarter could have been better.
Social media management software company Sprout (NASDAQSPT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 20% year on year to $102.6 million. On the other hand, the company expects next quarter’s revenue to be around $106.7 million, slightly below analysts’ estimates. Its non-GAAP profit of $0.13 per share was 8% above analysts’ consensus estimates.
What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Aug. 19-23, 2024.
Despite the Fed's string of interest rate hikes over the past few years the stock markets have continued to soar, which has left investors wondering if the stock markets are again in bubble territory.
