Upwork Inc expected to post a loss of 3 cents a share - Earnings Preview

Upwork

14/02/2023 03:04

* Upwork Inc  UPWK.OQ   UPWK.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 15. 
    * The San Francisco California-based  company is expected to
report  a 16.4% increase in revenue to $159.252 million from
$136.86 million a year ago, according to the mean estimate from
9 analysts, based on Refinitiv data. The company's guidance on
October 26 2022, for the period ended December 31, was for
revenue between $158.00 million and $160.00 million.
    * ​Refinitiv's mean analyst estimate for Upwork Inc is for a
loss
of 3 cents per share. The company's EPS guidance on October 26
2022, for the period ended December 31, was between $-0.03 and
$-0.01 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Upwork Inc
is
$18​, above​ its last closing price of $13.06. ​​​

The company's guidance on October 26 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 158 million and -1
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.08       -0.08      -0.03     Beat    61.8
 Jun. 30 2022  -0.08       -0.08      -0.04     Beat    50.8
 Mar. 31 2022  -0.14       -0.14      -0.03     Beat    78.4​
 Dec. 31 2021  -0.05       -0.05      -0.05     Met     -6.1
 ​​Sep.        0.01        0.02       0.04      Beat    166.7
 30 2021                                                
 Jun. 30 2021  -0.09       -0.09      0.03      Beat    134.1​
 Mar. 31 2021  -0.03       -0.04      -0.06     Missed  -50
 Dec. 31 2020  -0.04       -0.05      0.01      Beat    120
 This summary was machine generated February 14 at 03:03 GMT. 
All figures in US dollars  unless otherwise stated