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Upland Software (UPLD) Reports Q1: Everything You Need To Know Ahead Of Earnings


Jabin Bastian /
2022/05/03 7:01 am EDT
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Business automation software provider Upland Software (NASDAQ: UPLD) will be reporting results tomorrow after the bell. Here's what investors should know.

Last quarter Upland Software reported revenues of $75.7 million, down 3.21% year on year, and in-line with analyst expectations. It was a mixed quarter for the company, with a very strong guidance for the next year but a 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 3.78% year on year to $76.7 million, slowing down from the 8.72% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share.

Upland Software Total Revenue

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 3.9%.

Looking at Upland Software's peers in the sales and marketing software segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Qualtrics delivered top-line growth of 40.6% year on year, beating analyst estimates by 3.06% and Zendesk reported revenues up 30.2% year on year, exceeding estimates by 0.96%. Qualtrics traded up 4.3% on the results, Zendesk was flat on the results. Read our full analysis of Qualtrics's results here and Zendesk's results here.

Tech stocks have been facing declining investor sentiment in 2022 and software stocks have not been spared, with share price down on average 16.9% over the last month. Upland Software is down 19.7% during the same time, and is heading into the earnings with analyst price target of $27.6, compared to share price of $14.35.

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.