HubSpot Guides Q4 Revenue to $829.9M, EPS $2.99 After Q3 Beat
HubSpot will report Q4 results expecting 18% revenue growth to $829.9M and adjusted EPS of $2.99, following a Q3 beat of revenue at $809.5M (+20.9% YoY) and 10,898 new customers. Software peers ZoomInfo grew 3.2% and LiveRamp 8.6%, while HubSpot shares are down 38.5% over the past month.
1. Q3 Performance Recap
HubSpot reported Q3 revenues of $809.5 million, up 20.9% year over year and 3% above consensus, while adding 10,898 net new customers to reach 278,880 customers.
2. Q4 Forecast
Analysts forecast Q4 revenues of $829.9 million, an 18% increase year over year, and adjusted earnings of $2.99 per share, maintaining estimates that have trended in line over the past 30 days.
3. Peer Results and Market Impact
ZoomInfo delivered 3.2% revenue growth and LiveRamp 8.6% in Q4, while the sales and marketing software sector has fallen 17.9% over the past month and HubSpot shares have declined 38.5% within the same period, compared to an average analyst price target of $519.60.