Business automation software provider Upland Software (NASDAQ: UPLD) will be reporting earnings tomorrow afternoon. Here's what to look for.
Last quarter Upland reported revenues of $77.1 million, down 2.11% year on year, beating analyst revenue expectations by 2.94%. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter.
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This quarter analysts are expecting Upland's revenue to decline 8.59% year on year to $73.3 million, a further deceleration on the 5.2% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 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 1.27%.
With Upland being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for sales and marketing software stocks, but there has been positive sentiment among investors in the segment, with the stocks up on average 8.7% over the last month. Upland is down 5.25% during the same time, and is heading into the earnings with analyst price target of $4.60, compared to share price of $3.79.
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The author has no position in any of the stocks mentioned.