Recap: Sprout Social Q2 Earnings

Sprout Social SPT reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Sprout Social beat estimated earnings by 33.33%, reporting an EPS of $-0.04 versus an estimate of $-0.06.

Revenue was up $16.75 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 7.03% drop in the share price the next day.

Here's a look at Sprout Social's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	-0.04	-0.07	-0.08	-0.1
EPS Actual	-0.03	-0.05	-0.03	0
Revenue Estimate	56.23M	51.28M	47.36M	42.88M
Revenue Actual	57.43M	53.27M	49.09M	44.69M

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).

Sprout Social management provided guidance for FY 2022, expecting earnings between $-0.11 and $-0.1 per share.

To track all earnings releases for Sprout Social visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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