HubSpot (HUBS) Ascends But Remains Behind Market: Some Facts to Note
The most recent trading session ended with HubSpot (HUBS) standing at $612.97, reflecting a +0.32% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 1.25%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 1.3%.
The the stock of cloud-based marketing and sales software platform has risen by 14.58% in the past month, leading the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58%.
The upcoming earnings release of HubSpot will be of great interest to investors. The company's earnings report is expected on February 14, 2024. The company is expected to report EPS of $1.53, up 37.84% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $557.48 million, reflecting a 18.7% rise from the equivalent quarter last year.
Investors might also notice recent changes to analyst estimates for HubSpot. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 10.93% lower. HubSpot presently features a Zacks Rank of #4 (Sell).
With respect to valuation, HubSpot is currently being traded at a Forward P/E ratio of 94.51. For comparison, its industry has an average Forward P/E of 32.99, which means HubSpot is trading at a premium to the group.
Meanwhile, HUBS's PEG ratio is currently 3.08. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.65 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 76, finds itself in the top 31% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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HubSpot, Inc. (HUBS) : Free Stock Analysis Report
