Analysts Expect Upland Software, Inc. (UPLD) to Announce $0.24 EPS
Wall Street brokerages forecast that Upland Software, Inc. (NASDAQ:UPLD) will report earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Upland Software’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.27. Upland Software reported earnings of ($0.14) per share during the same quarter last year, which would suggest a positive year over year growth rate of 271.4%. The firm is scheduled to issue its next earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Upland Software will report full year earnings of $0.91 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.98. For the next financial year, analysts expect that the business will report earnings of $1.01 per share, with EPS estimates ranging from $0.92 to $1.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Upland Software.
Upland Software (NASDAQ:UPLD) last posted its earnings results on Thursday, August 10th. The software maker reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.50. The business had revenue of $23.30 million during the quarter, compared to the consensus estimate of $21.84 million. Upland Software had a negative net margin of 19.10% and a negative return on equity of 23.25%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.22) EPS.
Several brokerages have weighed in on UPLD. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Saturday, July 22nd. Roth Capital cut shares of Upland Software from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Friday, July 14th. TheStreet lowered shares of Upland Software from a “c-” rating to a “d” rating in a report on Wednesday, May 17th. Needham & Company LLC reissued a “buy” rating and issued a $29.00 target price (up from $25.00) on shares of Upland Software in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. started coverage on shares of Upland Software in a report on Monday, June 26th. They issued a “buy” rating and a $27.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.40.
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In other Upland Software news, major shareholder Systems Corp Wave sold 91,280 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $24.57, for a total value of $2,242,749.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 30.20% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Wasatch Advisors Inc. bought a new stake in shares of Upland Software during the 2nd quarter valued at approximately $3,331,000. Sterling Capital Management LLC bought a new stake in shares of Upland Software during the 2nd quarter valued at approximately $201,000. California State Teachers Retirement System bought a new stake in shares of Upland Software during the 2nd quarter valued at approximately $284,000. The Manufacturers Life Insurance Company grew its holdings in shares of Upland Software by 784.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,179 shares of the software maker’s stock valued at $158,000 after purchasing an additional 6,367 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Upland Software during the 2nd quarter valued at approximately $333,000. 26.92% of the stock is currently owned by institutional investors.
Shares of Upland Software (NASDAQ:UPLD) opened at 22.42 on Friday. Upland Software has a 1-year low of $7.48 and a 1-year high of $25.56. The company’s market cap is $461.83 million. The company has a 50-day moving average of $23.68 and a 200-day moving average of $20.03.
Upland Software Company Profile
Upland Software Inc is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations.
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