Constant Contact now expects to report revenue of between $78.7 million and $78.8 million for the first quarter, up from its previous guidance of between $77.1 million and $77.5 million. Analysts estimate revenue of $77.3 million for the quarter. Adjusted EBITDA is expected to be between $10.6 million and $10.8 million, compared to previous guidance of $9.6 million to $10.3 million.
The online marketing software maker expects revenue of $330 million for 2014, making for a 15.5% increase from the previous year. Analysts expect revenue of $323.4 million for the year.
Constant Contact expects to announce its first-quarter results on May 1.
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TheStreet Ratings team rates CONSTANT CONTACT INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CONSTANT CONTACT INC (CTCT) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."