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What To Expect From Upland’s (UPLD) Q2 Earnings

UPLD Cover Image

Business automation software provider Upland Software (NASDAQ: UPLD) will be announcing earnings results this Thursday before market open. Here’s what to expect.

Upland beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $63.66 million, down 10% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but EBITDA guidance for next quarter missing analysts’ expectations.

Is Upland a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Upland’s revenue to decline 23.1% year on year to $53.33 million, a further deceleration from the 6.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Upland Total Revenue

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. Upland has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.

Looking at Upland’s peers in the sales and marketing software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Freshworks delivered year-on-year revenue growth of 17.5%, beating analysts’ expectations by 2.9%, and VeriSign reported revenues up 5.9%, in line with consensus estimates. VeriSign traded up 6.5% following the results.

Read our full analysis of Freshworks’s results here and VeriSign’s results here.

There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 2.4% on average over the last month. Upland is up 26.2% during the same time and is heading into earnings with an average analyst price target of $4.25 (compared to the current share price of $2.46).

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