Brokerages Expect HubSpot Inc (NYSE:HUBS) Will Announce Earnings of $0.24 Per Share

HubSpot logo Wall Street brokerages expect HubSpot Inc (NYSE:HUBS) to report earnings per share of $0.24 for the current quarter, Zacks reports. Ten analysts have provided estimates for HubSpot’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.24. HubSpot reported earnings per share of $0.17 in the same quarter last year, which suggests a positive year-over-year growth rate of 41.2%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that HubSpot will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.43. For the next year, analysts forecast that the business will post earnings of $1.84 per share, with EPS estimates ranging from $1.64 to $2.07. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for HubSpot.

HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.07. The business had revenue of $163.30 million during the quarter, compared to the consensus estimate of $157.26 million. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share.

A number of equities research analysts have recently commented on the company. Evercore ISI set a $175.00 price objective on HubSpot and gave the company a “hold” rating in a research report on Wednesday, August 7th. Bank of America set a $215.00 price objective on HubSpot and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group lifted their price objective on HubSpot from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James lifted their price objective on HubSpot from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, UBS Group assumed coverage on HubSpot in a research report on Tuesday, August 13th. They issued a “buy” rating for the company. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. HubSpot presently has a consensus rating of “Buy” and an average price target of $196.60.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $177.65, for a total transaction of $1,510,025.00. Following the transaction, the chief executive officer now owns 753,902 shares in the company, valued at $133,930,690.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dharmesh Shah sold 29,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $182.30, for a total value of $5,286,700.00. Following the transaction, the insider now owns 1,498,433 shares in the company, valued at approximately $273,164,335.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,147 shares of company stock worth $25,137,197. 8.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments LLC grew its holdings in HubSpot by 35.1% in the 2nd quarter. Atria Investments LLC now owns 2,010 shares of the software maker’s stock worth $373,000 after buying an additional 522 shares in the last quarter. Treasurer of the State of North Carolina bought a new position in HubSpot in the 2nd quarter worth approximately $2,725,000. Chartwell Investment Partners LLC bought a new position in HubSpot in the 2nd quarter worth approximately $1,077,000. Verition Fund Management LLC bought a new position in HubSpot in the 2nd quarter worth approximately $2,275,000. Finally, Vista Equity Partners Management LLC grew its holdings in HubSpot by 13.5% in the 2nd quarter. Vista Equity Partners Management LLC now owns 133,138 shares of the software maker’s stock worth $22,703,000 after buying an additional 15,884 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Shares of NYSE:HUBS opened at $189.16 on Wednesday. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.91. HubSpot has a 52 week low of $108.39 and a 52 week high of $207.98. The business has a fifty day simple moving average of $188.80 and a 200-day simple moving average of $176.73.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.