Why Upland Software (UPLD) Outpaced the Stock Market Today

Zacks
Yesterday

The most recent trading session ended with Upland Software (UPLD) standing at $3.15, reflecting a +1.61% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.64%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 0.31%.

Prior to today's trading, shares of the maker of cloud-based enterprise work-management software had lost 28.74% over the past month. This has lagged the Computer and Technology sector's loss of 11.22% and the S&P 500's loss of 7.69% in that time.

The upcoming earnings release of Upland Software will be of great interest to investors. It is anticipated that the company will report an EPS of $0.25, marking a 31.58% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $61.26 million, down 13.4% from the year-ago period.

UPLD's full-year Zacks Consensus Estimates are calling for earnings of $0.99 per share and revenue of $239.56 million. These results would represent year-over-year changes of -18.85% and -12.82%, respectively.

Investors might also notice recent changes to analyst estimates for Upland Software. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Upland Software is holding a Zacks Rank of #3 (Hold) right now.

With respect to valuation, Upland Software is currently being traded at a Forward P/E ratio of 3.13. For comparison, its industry has an average Forward P/E of 27.15, which means Upland Software is trading at a discount to the group.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 120, which puts it in the top 48% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Upland Software, Inc. (UPLD) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10