Upland Software Inc Down 35.29% To $2.86 After Earnings Miss

Upland Software Inc (UPLD) reported less than expected earnings this afternoon for Q4 2023.

Upland Software Inc's earnings came in at an EPS of $0.14 per share, 22% lower than estimates for an EPS of $0.18 per share. The firm's earnings are down 62% since reporting $0.37 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus estimates for Upland Software Inc revenue averaged out to $71.4 million, with the business managing to beat those expectations with reported fourth-quarter revenue of $72.2 million. The $828 thousand (1%) positive revenue surprise led to negative 8% growth year-over-year as the firm reported revenue of $78.8 million in its year-ago quarter. The lower earnings growth compared to revenue points to Upland Software Inc not being able to improve its profit margin.

The stock is down 35.29% to $2.86 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 25. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Upland Software Inc is a provider of cloud-based enterprise work management software. The company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations. It services customers ranging from corporations and Government agencies to small- and medium-sized businesses engaged in the field of financial services, retail, technology, manufacturing, education, consumer goods, media, and telecommunications, Government, food and beverage, healthcare and life sciences, chemicals and travel and hospitality.