Business automation software provider Upland Software (NASDAQ: UPLD) will be reporting earnings tomorrow after market close. Here's what to expect.
Last quarter Upland Software reported revenues of $79.5 million, up 4.6% year on year, beating analyst revenue expectations by 1.5%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and slow revenue growth.
Is Upland Software buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Upland Software's revenue to grow 1.38% year on year to $76.8 million, improving on the 3.22% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.71%.
Looking at Upland Software's peers in the sales and marketing software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Sprout Social delivered top-line growth of 30.8% year on year, missing analyst estimates by 0.29% and Wix reported revenues up 8.13% year on year, exceeding estimates by 0.9%. Sprout Social traded up 7.4% on the results, and Wix was flat on the results. Read our full analysis of Sprout Social's results here and Wix's results here.
There has been positive sentiment among investors in the software segment, with the stocks up on average 5.79% over the last month. Upland Software is up 8.13% during the same time, and is heading into the earnings with analyst price target of $13, compared to share price of $8.91.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
The author has no position in any of the stocks mentioned.