HubSpot, Inc. (HUBS - Free Report) just released its fourth-quarter and full year 2017 financial results, posting adjusted earnings of $0.12 per share and revenues of $106.5 million. Currently, HubSpot is a Zacks Rank #3 (Hold), and is up over 2% to $99 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.07 per share.
Beat revenue estimates. The company saw revenue figures of $106.5 million, topping our consensus estimate of $101.6 million.
The CRM marking firm saw its fourth-quarter sales surged 39% year-over-year, due in large part, to a 40% jump in subscription revenues. For the full-year, HubSpot sales also rose 39% to reach $375.6 million.
HubSpot posted Non-GAAP net income of $4.6 million, after reporting a net loss of $4.5 million in the year ago period.
Looking to the first-quarter of 2018, the company expects to post revenues in the range of $109.2 million to $110.2 million. HubSpot also projects to post adjusted earnings between $0.10 per share and $0.12 per share.
"We made great strides in building out our freemium model, found more ways to delight our customers and continued our evolution from a single product application company to a front office suite with the goal of becoming the growth platform for SMB's," CEO Brian Halligan said in a statement.
Here’s a graph that looks at HubSpot’s Price, Consensus and EPS Surprise history:
HubSpot, Inc. is an inbound marketing software platform that helps companies to attract visitors to their Websites, convert visitors into leads, and close leads into customers. Its software platform consists of integrated applications, such as social media, search engine optimization, blogging, and Website content management, marketing automation, email, and analytics and reporting. The Company provides marketing tools at grader.com and hosts a marketing community at inboundmarketing.com. HubSpot, Inc. is headquartered in Cambridge, Massachusetts.
Check back later for our full analysis on HubSpot’s earnings report!
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