HubSpot Stock Jumped Nearly 8% in Morning Trading

Tiger Newspress2022-02-11

HubSpot Stock Jumped Nearly 8% in Morning Trading. HubSpot Q4 Earnings and Revenues Beat Estimates.

HubSpot (HUBS) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 9.43%. A quarter ago, it was expected that this cloud-based marketing and sales software platform would post earnings of $0.44 per share when it actually produced earnings of $0.50, delivering a surprise of 13.64%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

HubSpot , which belongs to the Zacks Internet - Software industry, posted revenues of $369.31 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.35%. This compares to year-ago revenues of $252.07 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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