Earnings Alerts

HubSpot Inc (HUBS) Earnings: Q2 Adjusted EPS Exceeds Expectations with $1.94 vs. $1.34 YoY

  • Adjusted EPS: HubSpot’s adjusted EPS for Q2 2024 was $1.94, compared to $1.34 year-over-year, beating the estimate of $1.64.
  • Revenue: The company’s revenue for Q2 2024 reached $637.2 million, marking a 20% increase year-over-year, surpassing the estimated $619.4 million.
  • Subscription Revenue: Subscription revenue was $623.8 million, up 20% year-over-year, exceeding the forecast of $606.1 million.
  • Professional Services and Other Revenue: Revenue from professional services and other segments was $13.5 million, an 18% increase year-over-year, beating the estimate of $12.3 million.
  • Foreign Exchange Impact: Foreign exchange rates are expected to have a neutral impact on the revenue growth for Q3 2024.
  • CEO Comment: Yamini Rangan, Chief Executive Officer at HubSpot, commented that Q2 was another solid quarter of revenue growth and profitability driven by rapid innovation and consistent execution.
  • Analyst Ratings: HubSpot received 24 buy ratings, 4 hold ratings, and 1 sell rating from analysts.

Hubspot Inc on Smartkarma

Analyst coverage of HubSpot Inc on Smartkarma shows a positive outlook from Baptista Research. In their report titled “HubSpot Inc.: What Valuation Can It Get From Alphabet Inc.? – Major Drivers,” they highlighted the company’s strong Q1 2024 performance. HubSpot Inc saw a 22% YoY growth in total customers, exceeding 215,000 globally, with over 11,700 net customer additions in the quarter. Revenue also showed solid growth at 23% YoY in constant currency, driving the operating margin to 15%.

Further optimism is portrayed in Baptista Research‘s report “HubSpot Inc: Are They Successfully Implementing AI In Their Operations? – Major Drivers.” The analysis commends HubSpot’s positive financial performance, strategic direction, and growth plans. With revenue increasing by 21% YoY in constant currency for Q4 2023 and by 25% for the full year 2023, the research reflects a bullish sentiment towards HubSpot Inc’s trajectory and operational advancements.


A look at Hubspot Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores for Hubspot Inc, the company shows promising long-term potential. With a moderate Value score of 2, Hubspot Inc may be considered to have some room for growth in terms of its valuation. However, its lower Dividend score of 1 indicates that investors should not expect significant dividend payouts from the company.

On the bright side, Hubspot Inc scores well in Growth, Resilience, and Momentum, with scores of 3, 4, and 3 respectively. This suggests that the company is expected to experience strong growth, demonstrate resilience during economic fluctuations, and maintain positive momentum in the market. With its focus on providing cloud-based marketing and sales software solutions, Hubspot Inc appears set to capitalize on the increasing demand for digital marketing services.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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