HubSpot Sees FY24 Adj. EPS $7.30-$7.38 vs $6.97 Est., Revenue $2.55B-$2.56B vs $2.56B Est.
Portfolio Pulse from Benzinga Newsdesk
HubSpot projects its FY24 adjusted EPS to be between $7.30 and $7.38, surpassing the estimated $6.97. The company anticipates revenue to be in the range of $2.55 billion to $2.56 billion, slightly below the $2.56 billion estimate.
May 08, 2024 | 8:08 pm
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POSITIVE IMPACT
HubSpot's FY24 EPS forecast exceeds expectations, indicating strong profitability, but revenue projections slightly miss estimates.
The higher than expected EPS forecast suggests HubSpot is managing its expenses efficiently and possibly experiencing higher demand for its services, which is positive for the stock. However, the slight miss in revenue projections could temper investor enthusiasm, but the strong EPS likely outweighs this concern in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100