HubSpot, In A Buy Zone, Prepares For Earnings

IBD 50 member HubSpot (HUBS) is expected to report earnings on May 5. HubSpot stock is now trading right around the 547.57 buy point from a second-stage cup without handle that it cleared earlier.


Understand that buying just before a stock reports can be risky, since an EPS or sales miss could send it sharply lower. You can reduce your risk by waiting to see how the company reports and how the market reacts.

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While HubSpot’s bottom line growth fell in the company’s most recently reported quarter from 8% to 5%, sales grew 35%, up from 32% in the previous report.

Consensus analyst estimates call for earnings growth of -3% for the quarter, and 19% growth for the full year. Annual EPS estimates for HubSpotwere recently revised higher.

HubSpot has a 95 Composite Rating and earns the No. 1 rank among its peers in the Computer Software-Special Enterprise industry group. Bentley Systems Class B (BSY) and Mitek System (MITK) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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