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HubSpot (HUBS) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, HubSpot (HUBS - Free Report) closed at $423.85, marking a +1.63% move from the previous day. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Coming into today, shares of the cloud-based marketing and sales software platform had gained 5% in the past month. In that same time, the Computer and Technology sector gained 2.75%, while the S&P 500 gained 4.59%.
Investors will be hoping for strength from HubSpot as it approaches its next earnings release, which is expected to be May 3, 2023. The company is expected to report EPS of $0.82, up 51.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $474.51 million, up 19.95% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.25 per share and revenue of $2.06 billion, which would represent changes of +52.88% and +18.8%, respectively, from the prior year.
Any recent changes to analyst estimates for HubSpot should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.68% lower within the past month. HubSpot is currently a Zacks Rank #3 (Hold).
Investors should also note HubSpot's current valuation metrics, including its Forward P/E ratio of 98.13. For comparison, its industry has an average Forward P/E of 41.29, which means HubSpot is trading at a premium to the group.
It is also worth noting that HUBS currently has a PEG ratio of 3.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.66 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HUBS in the coming trading sessions, be sure to utilize Zacks.com.
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HubSpot (HUBS) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, HubSpot (HUBS - Free Report) closed at $423.85, marking a +1.63% move from the previous day. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Coming into today, shares of the cloud-based marketing and sales software platform had gained 5% in the past month. In that same time, the Computer and Technology sector gained 2.75%, while the S&P 500 gained 4.59%.
Investors will be hoping for strength from HubSpot as it approaches its next earnings release, which is expected to be May 3, 2023. The company is expected to report EPS of $0.82, up 51.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $474.51 million, up 19.95% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.25 per share and revenue of $2.06 billion, which would represent changes of +52.88% and +18.8%, respectively, from the prior year.
Any recent changes to analyst estimates for HubSpot should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.68% lower within the past month. HubSpot is currently a Zacks Rank #3 (Hold).
Investors should also note HubSpot's current valuation metrics, including its Forward P/E ratio of 98.13. For comparison, its industry has an average Forward P/E of 41.29, which means HubSpot is trading at a premium to the group.
It is also worth noting that HUBS currently has a PEG ratio of 3.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.66 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HUBS in the coming trading sessions, be sure to utilize Zacks.com.