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Here's What Key Metrics Tell Us About Upland Software (UPLD) Q2 Earnings
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For the quarter ended June 2024, Upland Software (UPLD - Free Report) reported revenue of $69.34 million, down 6.9% over the same period last year. EPS came in at $0.19, compared to $0.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $67.91 million, representing a surprise of +2.11%. The company delivered an EPS surprise of +26.67%, with the consensus EPS estimate being $0.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Upland Software performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Professional services
: $2.11 million versus $2.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -23.5% change.
Revenue- Total product- Perpetual license
: $1.73 million compared to the $1.50 million average estimate based on two analysts. The reported number represents a change of +38.2% year over year.
Revenue- Total product- Subscription and support
: $65.50 million compared to the $64.58 million average estimate based on two analysts. The reported number represents a change of -7.1% year over year.
Revenue- Total product
: $67.23 million versus the two-analyst average estimate of $66.16 million. The reported number represents a year-over-year change of -6.3%.
Shares of Upland Software have returned -13.4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Upland Software (UPLD) Q2 Earnings
For the quarter ended June 2024, Upland Software (UPLD - Free Report) reported revenue of $69.34 million, down 6.9% over the same period last year. EPS came in at $0.19, compared to $0.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $67.91 million, representing a surprise of +2.11%. The company delivered an EPS surprise of +26.67%, with the consensus EPS estimate being $0.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Upland Software performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Upland Software here>>>Revenue- Professional services
: $2.11 million versus $2.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -23.5% change.Revenue- Total product- Perpetual license
: $1.73 million compared to the $1.50 million average estimate based on two analysts. The reported number represents a change of +38.2% year over year.Revenue- Total product- Subscription and support
: $65.50 million compared to the $64.58 million average estimate based on two analysts. The reported number represents a change of -7.1% year over year.Revenue- Total product
: $67.23 million versus the two-analyst average estimate of $66.16 million. The reported number represents a year-over-year change of -6.3%.Shares of Upland Software have returned -13.4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.