Zacks: Analysts Anticipate Upland Software, Inc. (NASDAQ:UPLD) Will Announce Quarterly Sales of $79.41 Million

Brokerages predict that Upland Software, Inc. (NASDAQ:UPLDGet Rating) will post $79.41 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Upland Software’s earnings. The lowest sales estimate is $79.00 million and the highest is $79.60 million. Upland Software reported sales of $76.26 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Upland Software will report full year sales of $319.64 million for the current year, with estimates ranging from $317.20 million to $321.01 million. For the next fiscal year, analysts anticipate that the company will post sales of $330.28 million, with estimates ranging from $324.80 million to $338.34 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Upland Software.

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

Several research firms have commented on UPLD. StockNews.com began 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 “hold” rating to a “sell” rating in a research report on Friday, May 6th. Needham & Company LLC decreased their price target on shares of Upland Software from $40.00 to $25.00 in a research report on Thursday, May 5th. Jefferies Financial Group decreased their price target on shares of Upland Software from $17.00 to $14.00 in a research report on Monday. Finally, Canaccord Genuity Group decreased their price target on shares of Upland Software from $30.00 to $24.00 in a research report on Friday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Upland Software currently has an average rating of “Hold” and an average price target of $25.22.

NASDAQ:UPLD opened at $12.62 on Wednesday. Upland Software has a 1-year low of $12.39 and a 1-year high of $42.52. The company has a 50-day moving average of $15.57 and a 200 day moving average of $18.06. The firm has a market cap of $395.27 million, a PE ratio of -6.44 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.

Several large investors have recently made changes to their positions in the company. Marathon Asset Mgmt Ltd purchased a new position in shares of Upland Software during the 4th quarter valued at approximately $50,430,000. Vanguard Group Inc. lifted its holdings in Upland Software by 34.3% in the 1st quarter. Vanguard Group Inc. now owns 2,025,310 shares of the software maker’s stock valued at $35,666,000 after purchasing an additional 517,293 shares in the last quarter. BlackRock Inc. lifted its holdings in Upland Software by 1.8% in the 1st quarter. BlackRock Inc. now owns 1,891,762 shares of the software maker’s stock valued at $33,314,000 after purchasing an additional 33,898 shares in the last quarter. New South Capital Management Inc. lifted its holdings in Upland Software by 5.2% in the 1st quarter. New South Capital Management Inc. now owns 1,185,072 shares of the software maker’s stock valued at $20,869,000 after purchasing an additional 58,380 shares in the last quarter. Finally, Bernzott Capital Advisors lifted its holdings in Upland Software by 1.3% in the 1st quarter. Bernzott Capital Advisors now owns 1,105,702 shares of the software maker’s stock valued at $19,471,000 after purchasing an additional 13,781 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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.

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

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