Sprinklr Inc. is likely to post positive earnings when it releases its second-quarter accounts after the closing bell on Wednesday, September 5.
The enterprise software company has already guided investors to expect total revenue of between $172 million and $174 million for the three months to July 31, 2023.
It forecasts adjusted earnings of between $0.04 and $0.05 per share and Wall Street analysts believe it will achieve the latter. In 2Q 2023, it reported an adjusted loss of $0.03 per share.
For the full year, the company expects to report total revenue of $711 million to $715 million, and adjusted EPS of $0.19 to $0.21.
When it released its 1Q results in June, CEO and founder Ragy Thomas said the company continued to see broad participation across its four product suites.
Analysts are bullish on the stock, with a ‘Strong Buy’ recommendation and an average price target of $17.63 from 13 analysts polled by Nasdaq Analyst Research.
Contact the author at stephen.gunnion@proactiveinvestors.com