Customer platform provider HubSpot (NYSE:HUBS) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.
HubSpot beat analysts’ revenue expectations last quarter, reporting revenues of $846.7 million, up 20.4% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.
Is HubSpot a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting HubSpot’s revenue to grow 20.8% year on year, improving from the 15.7% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. HubSpot has a history of exceeding Wall Street’s expectations.
Looking at HubSpot’s peers in the sales and marketing software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Freshworks delivered year-on-year revenue growth of 16.5%, beating analysts’ expectations by 2.3%, and Zeta Global reported revenues up 49.9%, topping estimates by 7%. Zeta Global’s stock price was unchanged following the results.
Read our full analysis of Freshworks’s results here and Zeta Global’s results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 12.4% on average over the last month. HubSpot’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $348.19 (compared to the current share price of $244.05).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
