Zacks: Brokerages Anticipate Upland Software, Inc. (NASDAQ:UPLD) to Announce $0.43 Earnings Per Share

Wall Street brokerages forecast that Upland Software, Inc. (NASDAQ:UPLD – Get Rating) will report earnings per share of $0.43 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Upland Software’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.40. Upland Software posted earnings per share of $0.60 in the same quarter last year, which would indicate a negative year over year growth rate of 28.3%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Upland Software will report full-year earnings of $1.89 per share for the current financial year, with EPS estimates ranging from $1.79 to $2.02. For the next financial year, analysts forecast that the business will post earnings of $2.05 per share, with EPS estimates ranging from $1.88 to $2.19. Zacks’ EPS calculations are an average based on a survey of research firms that follow Upland Software.

Upland Software (NASDAQ:UPLD – Get Rating) last posted its earnings results on Thursday, February 24th. The software maker reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.14. Upland Software had a negative net margin of 19.27% and a positive return on equity of 5.80%. The firm had revenue of $75.73 million for the quarter, compared to the consensus estimate of $75.44 million. During the same period in the prior year, the business posted $0.29 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis.

Several analysts have commented on UPLD shares. StockNews.com initiated coverage on shares of Upland Software in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. Truist Financial reduced their target price on shares of Upland Software from $44.00 to $30.00 in a research note on Tuesday, January 11th. Raymond James cut their price target on shares of Upland Software from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 11th. Finally, Jefferies Financial Group cut their price target on shares of Upland Software from $30.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, January 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Upland Software has a consensus rating of “Buy” and a consensus price target of $28.33.

A number of large investors have recently bought and sold shares of the stock. Marathon Asset Mgmt Ltd bought a new position in shares of Upland Software in the 4th quarter worth about $50,430,000. BlackRock Inc. raised its position in shares of Upland Software by 1.6% during the 4th quarter. BlackRock Inc. now owns 1,857,864 shares of the software maker’s stock valued at $33,330,000 after purchasing an additional 29,555 shares during the period. Bernzott Capital Advisors raised its position in shares of Upland Software by 31.5% during the 4th quarter. Bernzott Capital Advisors now owns 1,091,921 shares of the software maker’s stock valued at $19,589,000 after purchasing an additional 261,579 shares during the period. State Street Corp increased its holdings in Upland Software by 12.0% in the 4th quarter. State Street Corp now owns 779,863 shares of the software maker’s stock valued at $13,991,000 after acquiring an additional 83,326 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Upland Software by 9,888.3% in the 4th quarter. Millennium Management LLC now owns 736,534 shares of the software maker’s stock valued at $13,213,000 after acquiring an additional 729,160 shares during the last quarter. Institutional investors own 76.02% of the company’s stock.

Shares of NASDAQ:UPLD traded down $0.46 during trading on Monday, reaching $16.15. The stock had a trading volume of 368,127 shares, compared to its average volume of 307,416. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50-day simple moving average of $17.70. Upland Software has a 52 week low of $15.08 and a 52 week high of $53.00. The company has a market cap of $502.80 million, a PE ratio of -8.41 and a beta of 0.93.

About Upland Software (Get Rating)

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

See Also