Upland Software Inc reports results for the quarter ended in March - Earnings Summary

Upland Software

02/05/2024 22:23

* Upland Software Inc  UPLD.OQ  reported quarterly adjusted
earnings of 19 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 28 cents.  The mean expectation of six analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 11 cents to 15 cents per share.
    * Revenue fell 8.2% to $70.74 million from a year ago;
analysts
expected $68.33 million. 
    * Upland Software Inc's reported EPS for the quarter was a
loss of
$3.37​.
    * The company reported a quarterly loss of $97.51 million.
    * Upland Software Inc shares had fallen by 33.7% this
quarter and
lost 51.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Upland Software
Inc is $4.00 
This summary was machine generated from LSEG data May 2 at 09:22
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.14           0.19           Beat
 Dec. 31 2023      0.18           0.14           Missed
 Sep. 30 2023      0.19           0.33           Beat
 Jun. 30 2023      0.23           0.22           Missed