Sprinklr Inc Cl A Down 1.08% To $13.00 After Earnings Beat

Thursday, March 28, 2024 - Sprinklr Inc Cl A (CXM) reported upside earnings and revenues today.

Wall Street earnings per share (EPS) projections for Sprinklr Inc Cl A were at $0.09. The company beat those estimates with an EPS of $0.12. The earnings per share of $0.12 (which represents a -33% EPS surprise) led to the company's profits rising 100% compared to last year when the firm reported an EPS of $0.06. The increase in Sprinklr Inc Cl A's annual growth rate represents how the business is performing well amid recent economic conditions.

Analyst projections for Sprinklr Inc Cl A revenue came in at a consensus of $188.7 million. Fourth-Quarter revenues surpassed estimates for $194.2 million by $5.5 million (3%). The company achieved 17% growth year-over-year compared to the firm's revenue of $165.3 million from the year-ago quarter. The higher earnings growth relative to revenue signals Sprinklr Inc Cl A has improved its profit margin.

The stock is down 1.08% to $13.00 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Sprinklr Inc Cl A a Bearish Sentiment Rank from InvestorsObserver.

Sprinklr Inc Cl A has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 22, putting Sprinklr Inc Cl A in the bottom 25% of stocks. The firm set a 52-week high on December 6, 2023 at $17.14 and set a 52-week low on March 29, 2023 at $10.7.

Sprinklr Inc is engaged in providing enterprise software that enables every customer-facing function across the front office, from Customer Care to Marketing, to collaborate across internal silos, and communicate across digital channels. Its products include Modern Marketing and Advertising, Morden Research, Modern Care, Core Platform, and Developer portal among others.