Upland Software, Inc. (NASDAQ:UPLD) Expected to Post Earnings of $0.45 Per Share

Brokerages forecast that Upland Software, Inc. (NASDAQ:UPLDGet Rating) will post earnings per share (EPS) of $0.45 for the current quarter, Zacks reports. Five analysts have made estimates for Upland Software’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.47. Upland Software reported earnings per share of $0.41 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Upland Software will report full year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.90. For the next fiscal year, analysts forecast that the company will post earnings of $1.93 per share, with EPS estimates ranging from $1.69 to $2.08. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Upland Software.

Upland Software (NASDAQ:UPLDGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The software maker reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Upland Software had a positive return on equity of 6.55% and a negative net margin of 19.68%. The business had revenue of $78.72 million for the quarter, compared to analyst estimates of $76.77 million. During the same period last year, the company earned $0.02 EPS. Upland Software’s revenue for the quarter was up 6.4% compared to the same quarter last year.

A number of research analysts have commented on the company. Canaccord Genuity Group lowered their price target on Upland Software from $30.00 to $24.00 in a research report on Friday, February 25th. Needham & Company LLC reduced their price objective on shares of Upland Software from $40.00 to $25.00 in a research report on Thursday, May 5th. Zacks Investment Research cut Upland Software from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Roth Capital lowered their price objective on Upland Software from $58.00 to $30.00 in a research report on Friday, February 25th. Finally, StockNews.com started coverage on Upland Software in a research report on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.22.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its position in Upland Software by 50.0% during the first quarter. BNP Paribas Arbitrage SA now owns 17,823 shares of the software maker’s stock valued at $314,000 after buying an additional 5,944 shares during the period. River & Mercantile Asset Management LLP purchased a new position in Upland Software during the first quarter valued at $535,000. Ensign Peak Advisors Inc purchased a new position in Upland Software during the first quarter valued at $87,000. Goldman Sachs Group Inc. lifted its position in Upland Software by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 397,853 shares of the software maker’s stock valued at $7,006,000 after purchasing an additional 18,967 shares in the last quarter. Finally, G2 Investment Partners Management LLC lifted its position in Upland Software by 322.6% during the first quarter. G2 Investment Partners Management LLC now owns 346,492 shares of the software maker’s stock valued at $6,102,000 after purchasing an additional 264,492 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

UPLD traded down $0.56 during trading on Monday, hitting $12.92. 4,896 shares of the stock traded hands, compared to its average volume of 299,670. The firm has a 50-day moving average of $15.71 and a 200 day moving average of $18.19. The firm has a market capitalization of $404.67 million, a P/E ratio of -6.61 and a beta of 0.99. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.17 and a quick ratio of 1.17. Upland Software has a 12-month low of $12.69 and a 12-month high of $42.52.

Upland Software Company Profile (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.

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Earnings History and Estimates for Upland Software (NASDAQ:UPLD)

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