HubSpot (HUBS) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.34 per share a year ago.
HubSpot, Inc. (NYSE:HUBS ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Ryan Burkart - Senior Director, Investor Relations Yamini Rangan - Chief Executive Officer Kate Bueker - Chief Financial Officer Dharmesh Shah - Co-Founder & Chief Technology Officer Conference Call Participants Samad Samana - Jefferies Mark Murphy - JPMorgan Brad Sills - Bank of America Merrill Lynch Alex Zukin - Wolfe Research Brent Bracelin - Piper Sandler Gabriela Borges - Goldman Sachs Elizabeth Porter - Morgan Stanley Dominique Manansala - Truist Parker Lane - Stifel Ken Wong - Oppenheimer Johnathan McCary - Raymond James Michael Berg - Wells Fargo Tyler Radke - Citigroup Arjun Bhatia - William Blair Siti Panigrahi - Mizuho Kirk Materne - Evercore ISI Eamon Coughlin - Barclays Taylor McGinnis - UBS Jackson Ader - KeyCorp Operator Good afternoon and welcome to the HubSpot Q2 2024 Earnings Call. My name is Harry and I will be your operator today.
Hubspot stock sank after a proposed acquisition of the company fell through. Its recent financial results have been positive, and little has changed about the company's operational outlook.
Beyond analysts' top -and-bottom-line estimates for HubSpot (HUBS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
HubSpot (HUBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I believe paying 38x forward operating profits for HubSpot, Inc. is too high a premium. Given the increased budget scrutiny and slower deal progression, I see significant near-term challenges for HubSpot. Competing with industry giants like Salesforce, HubSpot's valuation seems excessively optimistic and risky.
We share 12 ideas published last week focused on stocks with less coverage on Seeking Alpha. Polestar Automotive Holding is seen as continuing to struggle with missed targets, high losses, and debt raises, warranting a sell. HubSpot faces volatility post-Google acquisition plans, while Grifols considers privatization amid debt concerns and shareholder issues.
Alphabet has reportedly dropped its bid to acquire HubSpot -- news that sent shares of the latter tumbling. While HubSpot has no trouble winning new customers, existing customers aren't expanding their spending.
HubSpot had been rumored to be in acquisition talks with Google parent Alphabet this year. However, this week a report said that deal is off the table.
For months, rumors persisted that Google, and perhaps others, were interested in buying HubSpot, a Boston-based CRM and marketing software company. HubSpot's market cap ballooned as the rumors persisted, eventually reaching over $30 billion.
Although company spokespersons have refused to comment on the market speculation, sources familiar with the proceedings have confirmed that Alphabet has shelved buyout plans for HubSpot (HUBS).
A media report said that Alphabet is abandoning efforts to acquire the customer relationship specialist. The takeover effort apparently fell apart in a fairly early stage of discussions.