The earnings call highlighted notable achievements such as record revenue, growth in the enterprise segment, and product innovations. However, challenges persist with elongated sales cycles, macroeconomic headwinds, and restructuring in the R&D department. The sentiment is balanced with significant progress and ongoing challenges.

Company Guidance

During Sprout Social's Q3 2024 earnings call, the company presented positive financial metrics, including a 20% year-over-year revenue growth to $102.6 million, marking their first quarter surpassing $100 million in revenue. They also reported current remaining performance obligations (CRPO) of $220.7 million, reflecting a 31% increase from the previous year. The company achieved a non-GAAP operating income of $7.5 million, up from a negative $0.6 million the previous year, with a non-GAAP operating margin of 7.3%. Additionally, Sprout Social generated $9.3 million in non-GAAP free cash flow during the quarter and $23.1 million year-to-date. They forecast Q4 revenue between $106.3 million and $107.1 million, with a full-year revenue projection of $405.1 million to $405.9 million. The guidance also includes a non-GAAP net income per share estimate of $0.15 to $0.16 for Q4 and $0.46 to $0.47 for the full year.

Record Revenue Achievement

Sprout Social reported third quarter revenue of $102.6 million, marking a year-over-year growth of 20% and exceeding the $100 million revenue milestone for the first time.

Enterprise Segment Growth

Current remaining performance obligations reached $220.7 million, representing a 31% year-over-year growth, indicating strong enterprise segment growth.

Strong Customer Wins

Sprout Social secured a $1.8 million multiyear transaction with a global electronics brand, showcasing their competitive edge and integration with Salesforce Service Cloud.

Product Innovation

Introduced AI-driven features such as AI assist and enhanced analytics to improve customer care and sentiment analysis, which are expected to drive larger ACV transactions.

Financial Performance Improvement

Non-GAAP operating income totaled $7.5 million, up from a negative $0.6 million a year ago, demonstrating growth in margin profile.

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Sprout Social (SPT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SPT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2020	2019 (Q4)	- / -0.25	-0.081	-208.64% (-0.17)	―	―
May 06, 2020	2020 (Q1)	- / -0.14	-0.105	-33.33% (-0.04)	―	―
Aug 05, 2020	2020 (Q2)	- / -0.11	-0.219	49.77% (+0.11)	―	―
Nov 09, 2020	2020 (Q3)	- / -0.09	-0.3	70.00% (+0.21)	―	―
Feb 23, 2021	2020 (Q4)	- / -0.06	-0.25	76.00% (+0.19)	―	―
May 04, 2021	2021 (Q1)	-0.10 / -0.05	-0.14	64.29% (+0.09)	―	―
Aug 03, 2021	2021 (Q2)	-0.10 / 0.00	-0.11	―	―	―
Nov 02, 2021	2021 (Q3)	-0.08 / -0.03	-0.09	66.67% (+0.06)	―	―
Feb 22, 2022	2021 (Q4)	-0.07 / -0.05	-0.06	16.67% (<+0.01)	―	―
May 03, 2022	2022 (Q1)	-0.04 / -0.03	-0.05	40.00% (+0.02)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SPT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$31.00	$26.71	-13.84%
Aug 01, 2024	$37.26	$32.93	-11.62%
May 02, 2024	$48.15	$28.82	-40.15%
Feb 20, 2024	$64.48	$61.27	-4.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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