HubSpot (NYSE:HUBS) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:10 PM.
Here’s what investors need to know about the announcement.
Earnings
HubSpot beat estimated earnings by 44.58%, reporting an EPS of $1.2 versus an estimate of $0.83.
Revenue was up $106.02 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.29 which was followed by a 11.8% increase in the share price the next day.
Here’s a look at HubSpot’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.82 | 0.51 | 0.43 | 0.47 |
| EPS Actual | 1.11 | 0.69 | 0.44 | 0.54 |
| Revenue Estimate | 445.58M | 425.38M | 409.86M | 382.94M |
| Revenue Actual | 469.66M | 443.96M | 421.80M | 395.60M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
HubSpot management provided guidance for FY 2023, expecting earnings between $4.8 and $4.85 per share.
To track all earnings releases for HubSpot visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
