HubSpot stock rises 1.85% and outperforms S&P 500, with analysts projecting strong EPS and revenue growth

From Nasdaq: 2024-04-05 18:15:21

HubSpot (HUBS) closed trading at $670, a 1.85% increase from the previous session, outperforming the S&P 500, which gained 1.11%. The company’s stock had risen 7.32% in the past month, surpassing the Computer and Technology sector. Analysts project HubSpot’s upcoming EPS to increase by 22.5% and revenue to rise by 19.04%.

Expectations are high for HubSpot’s upcoming earnings release. Analysts predict a 22.5% increase in EPS and a 19.04% rise in revenue for the next quarter compared to the previous year. The Zacks Consensus Estimates forecast a 16.64% increase in yearly earnings and a 17.78% increase in revenue for HubSpot.

HubSpot currently holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 95.76, trading at a premium compared to the industry average. The stock also has a PEG ratio of 3.14, reflecting expected earnings growth. The Internet – Software sector, to which HubSpot belongs, ranks in the top 14% of industries.

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Investors should keep an eye on HubSpot’s recent analyst estimate revisions, as they directly impact stock price performance. Positive estimate changes signal analysts’ confidence in the company’s prospects. The Zacks Rank provides a reliable rating system based on analyst revisions and has historically outperformed the market. Stay informed with Zacks Investment Research.



Read more at Nasdaq: HubSpot (HUBS) Rises Higher Than Market: Key Facts