![]() ![]() Lastly, for fiscal year 2022, revenue is projected to grow more than 35% YoY and reach $252.68M. In addition, they also reported an EPS of -$0.04 which also exceeded analyst expectations by $0.02. ![]() In Q2 2022, Sprout Social reported $61.4M in revenue (representing a 37.4% YoY growth) which beat analyst estimates by $1.09M. Although Sprout Social faces competition from developing business management tools, they currently have the market leadership due to its premium brand, great customer service, and growing dataset. Their main source of revenue comes from the subscription fees to use its platform (this in fact makes up 99% of their revenue). Sprout Social operates across major social media platforms such as Instagram, TikTok, Twitter, and more. Company OverviewĬreated for businesses and agencies of all sizes, Sprout Social is a social media management and intelligence tool that enables consumers to manage conversations and uncover practical insights that will have a tangible impact on their business. ![]() However, I believe that Sprout Social’s ability to successfully scale itself during the current economic state and its attractive valuation makes the stock a worthwhile “Buy”. In a year, Sprout Social ( NASDAQ: SPT) has fallen almost 23.98%-a large part being the contribution of the current macroeconomic environment as investors are fearing the interest rate hikes and decreased marketing spending. ![]()
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