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HubSpot (HUBS) Dips More Than Broader Markets: What You Should Know
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HubSpot (HUBS - Free Report) closed at $520.86 in the latest trading session, marking a -1.03% move from the prior day. This change lagged the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Prior to today's trading, shares of the cloud-based marketing and sales software platform had lost 0.76% over the past month. This has lagged the Computer and Technology sector's gain of 4.63% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from HubSpot as it approaches its next earnings release. The company is expected to report EPS of $0.99, up 125% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $504.45 million, up 19.61% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.84 per share and revenue of $2.09 billion, which would represent changes of +74.1% and +20.51%, respectively, from the prior year.
Any recent changes to analyst estimates for HubSpot should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.45% higher. HubSpot is currently a Zacks Rank #3 (Hold).
Looking at its valuation, HubSpot is holding a Forward P/E ratio of 108.75. This represents a premium compared to its industry's average Forward P/E of 41.6.
Also, we should mention that HUBS has a PEG ratio of 3.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% 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) Dips More Than Broader Markets: What You Should Know
HubSpot (HUBS - Free Report) closed at $520.86 in the latest trading session, marking a -1.03% move from the prior day. This change lagged the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Prior to today's trading, shares of the cloud-based marketing and sales software platform had lost 0.76% over the past month. This has lagged the Computer and Technology sector's gain of 4.63% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from HubSpot as it approaches its next earnings release. The company is expected to report EPS of $0.99, up 125% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $504.45 million, up 19.61% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.84 per share and revenue of $2.09 billion, which would represent changes of +74.1% and +20.51%, respectively, from the prior year.
Any recent changes to analyst estimates for HubSpot should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.45% higher. HubSpot is currently a Zacks Rank #3 (Hold).
Looking at its valuation, HubSpot is holding a Forward P/E ratio of 108.75. This represents a premium compared to its industry's average Forward P/E of 41.6.
Also, we should mention that HUBS has a PEG ratio of 3.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% 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.