The upcoming report from Sprinklr (CXM) is expected to reveal quarterly earnings of $0.10 per share, indicating a decline of 23.1% compared to the year-ago period. Analysts forecast revenues of $214.51 million, representing an increase of 1.2% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Sprinklr metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenue- Subscription' stands at $193.99 million. The estimate points to a change of +2.9% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Professional services' will reach $20.52 million. The estimate indicates a year-over-year change of -12.9%.
Analysts predict that the 'Gross Margin - Subscription' will reach 74.1%. Compared to the current estimate, the company reported 77.0% in the same quarter of the previous year.
View all Key Company Metrics for Sprinklr here>>>Shares of Sprinklr have experienced a change of +28.1% in the past month compared to the +4.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CXM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Sprinklr, Inc. (CXM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).