27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Sprout Social (NASDAQ: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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Earnings
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.
Past Earnings Performance
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
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).
Guidance
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.