Sprout Social sees FY24 EPS 45c-46c, consensus 47c

Sees FY24 revenue $405M-$206M, consensus $405.53M. The company said, ‘Total revenue to be between $405.0 million and $406.0 million. This assumes greater than20% organic Sprout revenue growth and accelerated Tagger subscription revenue growth. Non-GAAP operating income between $28.0 million and $29.0 million, including an estimated benefit from the deferred commission accounting change which will affect all future periods. Excluding this change, the Company expects Non-GAAP operating income between $15.0 million and $16.0 million. This implies year-over-year Non-GAAP operating margin improvement of roughly 560bps. Excluding the accounting change this implies year-over-year non-GAAP operating margin improvement of roughly 240bps. Non-GAAP net income per share between $0.45 and $0.46 based on approximately 57.1 million weighted-average shares of common stock outstanding.”