HubSpot Earnings Top Estimates; Guidance Mixed

HubSpot (HUBS) reported first-quarter earnings and revenue that topped analyst estimates. The company’s outlook for HubSpot stock came in mixed, with profit above expectations and revenue below.

X

Cambridge, Mass.-based HubSpot reported March-quarter earnings after the market close on Wednesday.

On an adjusted basis, HubSpot earnings came in at $1.68 a share, up 40% from a year earlier. Revenue climbed 23% to $617.4 million, the maker of web marketing software said.

A year earlier, HubSpot’s earnings were $1.20 a share on sales of $502 million. Analysts expected HubSpot earnings of $1.50 on sales of $598 million.

HubSpot Stock: Guidance Mixed

On the stock market today, HubSpot stock fell more than 2% to 576.01 in extended trading.

Heading into the HubSpot earnings report, shares were up 6% in 2024. HUBS stock had advanced 38% over the past year.

For the current quarter ending in June, HubSpot forecast earnings per share of $1.63 at the midpoint of guidance and revenue of $618 million. Analysts had predicted adjusted EPS of $1.57 on revenue of $623 million.

HubSpot’s marketing focuses on digital channels such as blogs, internet search engines and social media. The company aims to attract people to customer websites and optimize content so that visitors are converted into paying customers.

According to IBD Stock Checkup, HUBS stock had a Relative Strength Rating of 85 out of a best-possible 99 heading into the earnings report.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.

YOU MAY ALSO LIKE:

Want To Trade Options? Here Are The Basics To Get You Started

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

Learn How To Time The Market With IBD’s ETF Market Strategy

Monitor IBD’s “Breaking Out Today” List For Companies Hitting New Buy Points