Upland Software (UPLD) Reports Earnings Tomorrow. What To Expect

Jabin Bastian /
2023/05/03 3:32 am EDT
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Business automation software provider Upland Software (NASDAQ: UPLD) will be reporting earnings tomorrow after market hours. Here's what investors should know.

Last quarter Upland Software reported revenues of $78.8 million, up 4.07% year on year, beating analyst revenue expectations by 2.65%. It was a weak quarter for the company, with a full year guidance missing analysts' expectations.

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 decline 4.91% year on year to $74.9 million, a further deceleration on the 6.42% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 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 0.98%.

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 what we can expect. Braze delivered top-line growth of 40.1% year on year, beating analyst estimates by 3.05% and VeriSign reported revenues up 5.04% year on year, missing analyst estimates by 0.8%. Both companies (Braze and VeriSign) traded flat on the results. traded up 9.4% on the results, VeriSign was up 2.29%. Read our full analysis of Braze's results here and VeriSign's results here.

The technology sell-off has been putting pressure on stocks since November 2021 and while some of the sales and marketing software stocks have fared somewhat better, they have not been spared, with share price declining 9.49% over the last month. Upland Software is down 7.46% during the same time, and is heading into the earnings with analyst price target of $8.4, compared to share price of $3.79.

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.