Business automation software provider Upland Software (NASDAQ: UPLD) will be reporting results tomorrow after market hours. Here's what to look for.
Last quarter Upland Software reported revenues of $80.2 million, up 5.19% year on year, in line with analyst expectations. It was a weak quarter for the company, with revenue guidance for both the next quarter and the full year 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 grow 3.05% year on year to $78.3 million, improving on the 2.51% 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.
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 2.23%.
Looking at Upland Software's peers in the sales and marketing software segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. ZoomInfo delivered top-line growth of 45.5% year on year, beating analyst estimates by 3.27% and Zeta reported revenues up 32.2% year on year, exceeding estimates by 7.94%. Zoominfo dropped 12% on the results, and Zeta was up 5.26%. Read our full analysis of ZoomInfo's results here and Zeta's results here.
There has been positive sentiment among investors in the software segment, with the stocks up on average 2.98% over the last month. Upland Software is up 1.07% during the same time, and is heading into the earnings with analyst price target of $18.2, compared to share price of $8.15.
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The author has no position in any of the stocks mentioned.