HubSpot (NYSE: HUBS) has released its Q4 earnings report, surpassing analysts’ expectations and providing a strong guidance for the upcoming year. The company reported Q4 EPS of $1.83, exceeding the analyst estimate of $1.54. Additionally, the revenue for the quarter stood at $581.9 million, surpassing the consensus estimate of $558.46 million.
Looking ahead, HubSpot has provided guidance for Q1 2024, expecting an EPS of $1.48-$1.50, compared to the consensus of $1.49. The anticipated revenue for Q1 2024 is between $596-598 million, surpassing the consensus of $587.3 million. For the full fiscal year 2024, HubSpot anticipates an EPS of $6.86-$6.94, exceeding the consensus of $6.62. The company also expects a revenue of $2.55-2.56 billion for FY2024, compared to the consensus of $2.53 billion.
HubSpot’s positive performance and optimistic guidance have garnered attention from investors and analysts, indicating a promising outlook for the company. The news has led to a surge in the company’s stock, with shares experiencing a notable increase in value.
These developments underscore HubSpot’s strong position in the market and its ability to deliver robust financial results. The company’s performance in Q4 and its optimistic outlook for the future reflect its resilience and strategic growth initiatives.
