HubSpot Delivers With Beat And Raise In Q4 Report

Bhavan Suri of William Blair reiterated his Outperform rating on HubSpot Inc HUBS after the company reported strong fourth-quarter results that came in better than Street expectations. The company added more subscribers in the quarter.

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Quick Quarter Overview

Following is a gist of HubSpot’s fourth-quarter results:

• Q4 non-GAAP loss per share of $0.13; better than Street mean of $0.20.
• Q4 revenue up 44 percent to $76.4 million, above consensus estimate of $74.3 million.
• Q4 total customers up 28 percent to 23,226, above William Blair estimate of 22 percent.
• Sees Q1 non-GAAP loss per share of $0.08 to $0.10 versus Street’s $0.11 loss estimate.
• Sees Q1 revenue at $78.5 million–$79.5 million, above Street’s $78.4 million estimate.
• Expects FY 2017 loss per share at $0.22–$0.30 vs. Street mean of $0.29
• Expects FY 2017 revenue at $349 million–353 million versus consensus of $350 million.

Shares of HubSpot, which provides cloud-based marketing and sales software solutions to the middle market, closed Tuesday’s trading session at $57.40.