Earnings Estimates Moving Higher for Sprout Social (SPT): Time to Buy?

Core Viewpoint - Sprout Social (SPT) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Sprout Social's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The current quarter's earnings estimate is projected at $0.15 per share, reflecting a year-over-year increase of +66.67%, with a 6.67% rise in consensus estimates over the last 30 days [5]. - For the full year, the earnings estimate stands at $0.72 per share, representing a year-over-year change of +44%, with a 10.54% increase in consensus estimates over the past month [6][7]. Zacks Rank - Sprout Social currently holds a Zacks Rank 2 (Buy), supported by favorable estimate revisions, which historically correlate with strong stock performance [8]. - The Zacks Rank system has demonstrated a strong track record, with Zacks 1 (Strong Buy) stocks averaging an annual return of +25% since 2008 [3]. Stock Performance - The stock has appreciated by 21.7% over the past four weeks, driven by strong estimate revisions, suggesting further upside potential [9].