FINWIRES · TerminalLIVE
FINWIRES

Docebo Up 3.2% In US Premarket On Improved Q1 Adjusted Earnings, Revs; Co Lifted Its Own Revenue Expectations For FY26

By

-- Docebo (DCBO.TO, DCBO) reported improved adjusted earnings and revenues for the first quarter, and while the company flagged lower than forecast revenues for the second quarter, it lifted its own expectations for them over the full year.

For the three months ended March 31, 2026, the company reported net loss of US$1.6 million, compared with net income of $1.5 million a year earlier. But it reported in line adjusted EPS diluted of US$0.34, higher than the $0.32 seen.

Total revenue increased to US$65.6 million compared with $57.3 million, a year-ago, in line with a consensus estimate compiled by FactSet of US$65.7 million. Subscription revenue increased 12% to US$60.6 million in the quarter from the comparative prior-year period.

For Q2, the company expects total revenue to be between US$66.7 million and $66.9 million, below a FactSet consensus forecast of $67.2 million, and adjusted EBITDA between $10.9 million to $11.1 million.

Subscription revenue in Q2 is expected to be in-line with total revenue growth, Docebo said.

For the fiscal year ending Dec. 31, 2026, subscription revenue is expected to be between US$253.5 million and $255.5 million, total revenue between $271.0 million and $273.0 million and adjusted EBITDA between $54.5 million and $56.5 million. For full year total revenues, the consensus forecast at Docebo is $272.3 million, while the company's previous guidance was for between $267.5 million to $269.5 million, as noted by The Wall Street Journal.

The Toronto Stock Exchange also approved the company's notice of intention to renew its normal course issuer bid (NCIB) for its common shares, it added. Pursuant to the notice, Docebo is authorized to buy back up to a maximum of 1.3-million shares, or 5% of its 25.4-million issued and outstanding shares as of May 6, for cancellation over the next 12 months.

Docebo may begin to purchase shares on or about May 20, 2026, and the bid will cancel on May 19, 2027, or such earlier time as Docebo completes its purchases pursuant to the bid or provides notice of termination. The company also renewed its automatic securities purchase plan with its designated broker to facilitate the purchase of shares under the NCIB at times when Docebo would ordinarily not be permitted to purchase shares due to regulatory restrictions or self-imposed blackout periods.

U.S.-listed shares of the company were last seen up 2.8% at US$21.55 in pre-market trading.

Related Articles

Research

Research Alert: CFRA Keeps Buy Rating On Shares Of Paycom Software, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target by $19 to $150, 12.3x our 2027 EPS estimate, significantly below PAYC's three-year historical forward P/E average of 24.9x. We lift our 2026 EPS view by $0.53 to $10.73 and 2027's EPS view by $0.95 to $12.23. PAYC conservative 2026 guidance, which projects a revenue growth slowdown to 6%-7%, is a primary concern as it contrasts sharply with the company's current performance. This strength is evidenced by an expanding 48.2% adjusted EBITDA margin, robust 17% Y/Y growth in operating cash flow, and high 91% client retention, all fueled by the demonstrable ROI its AI-powered platform delivers to clients. Underscoring this internal confidence, management executed a massive $1.06B share repurchase in Q1, taking on $675M in debt to capitalize on what it views as a significant undervaluation. This aggressive, debt-funded capital return increases financial leverage but signals a profound belief in the company's long-term value proposition, despite the cautious near-term growth outlook.

$PAYC
Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Host Hotels & Resorts, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $2 to $23 on a forward P/FFO of 10.9x our 2026 FFO estimate, a premium to peers and HST's three-year forward average (8.9x) due to a stronger 2026 travel outlook and recently redeveloped properties driving higher revenue per average room (RevPAR) this year. We increase our 2026 FFO estimate by $0.05 to $2.11 and leave our 2027 view unchanged at $2.15. San Francisco showed remarkable recovery boosted by the Super Bowl and accelerating business travel as resorts in Florida/Phoenix saw stronger-than-normal Q1 performance. Weather-related disruptions in Hawaii and the East Coast negative impacted RevPAR by 120 bps in Q1, while the outlook for growth in 2H 2026 implies growth slowing to 1%-2% range. Productivity improvements have helped to offset some of the 5% Y/Y growth in wages, but this cost inflation is a risk we continue to monitor. We do not currently expect any acquisitions, with management setting a high IRR bar and favoring buybacks and special dividends currently.

$HST
Research

Research Alert: CFRA Reiterates Hold Opinion On Shares Of Fortis Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target is unchanged at CAD80, valuing shares at a forward P/E of 21.5x our next-12-month EPS estimate of CAD3.72, a premium to its five-year average of 19.3x. We keep our 2026 EPS estimate at CAD3.62 and raise our 2027 EPS estimate by CAD0.03 to CAD3.88. Q1 results showed continued progress on load growth opportunities, with ITC advancing data center interconnection projects and TEP securing initial contractual milestones in Arizona while pursuing additional phases. We expect revenue to grow 7.8% in 2026, followed by 5.6% growth in 2027, supported by customer rate updates at Central Hudson (effective July 2025), FortisBC Energy (effective January 2026), UNS Gas (effective March 2026), and a pending decision at TEP (expected fall 2026), alongside ongoing rate base growth. From 2025-2028, we expect EPS to grow at a 5.3% CAGR while dividends grow at 4.6%, both lagging the peer median growth rates of 7.9% and 5.2%, respectively. Shares currently yield 3.3%, slightly ahead of the peer median 3.2%.

$FTS