Business automation software provider Upland Software (NASDAQ: UPLD) will be reporting earnings tomorrow afternoon. Here's what to expect.
Last quarter Upland reported revenues of $74.12 million, down 6.8% year on year, beating analyst revenue expectations by 1.3%. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter.
Is Upland buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Upland's revenue to decline 8.8% year on year to $71.85 million, a further deceleration on the 4.1% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 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 has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 1.7%.
Looking at Upland's peers in the sales and marketing software segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Sprout Social delivered top-line growth of 34.3% year on year, beating analyst estimates by 3.2% and HubSpot reported revenues up 23.9% year on year, exceeding estimates by 4.1%. Sprout Social was down 4.7% on the results and HubSpot was up 5.3%.
Read our full analysis of Sprout Social's results here and HubSpot's results here.
Investors in the sales and marketing software segment have had steady hands going into the earnings, with the stocks down on average 0.3% over the last month. Upland is up 12.3% during the same time, and is heading into the earnings with analyst price target of $4.8, compared to share price of $4.64.
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