Upland Software Inc UPLD.OQ reported quarterly adjusted earnings of 15 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of three analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 15 cents to 20 cents per share.
Revenue fell 23% to $53.38 million from a year ago; analysts expected $53.22 million.
Upland Software Inc's reported EPS for the quarter was a loss of 51 cents.
The company reported a quarterly loss of $14.48 million.
Upland Software Inc shares had risen by 7.7% this quarter and lost 51.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.6% 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 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Upland Software Inc is $4.25, about 50.6% above its last closing price of $2.10
This summary was machine generated from LSEG data July 31 at 02:13 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)