Upwork Inc expected to post a loss of 7 cents a share - Earnings Preview

Upwork

02/05/2023 03:06

* Upwork Inc  UPWK.OQ   UPWK.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 3. 
    * The San Francisco California-based  company is expected to
report  a 12.5% increase in revenue to $158.994 million from
$141.34 million a year ago, according to the mean estimate from
10 analysts, based on Refinitiv data. The company's guidance on
February 15 2023, for the period ended March 31, was for revenue
between $157.00 million and $160.00 million.
    * ​Refinitiv's mean analyst estimate for Upwork Inc is for a
loss
of 7 cents per share. The company's EPS guidance on February 15
2023, for the period ended March 31, was between $-0.06 and
$-0.03 
    * 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
$17​, above​ its last closing price of $9.55. ​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 157 million and -8 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  
 Dec. 31 2022  -0.03       -0.03      0.04      Beat    249.5
 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.        -0.05       -0.05      -0.05     Met     -6.1
 31 2021                                                
 Sep. 30 2021  0.01        0.02       0.04      Beat    166.7​
 Jun. 30 2021  -0.09       -0.09      0.03      Beat    134.1
 Mar. 31 2021  -0.03       -0.04      -0.06     Missed  -50
 This summary was machine generated May 2 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated