Upwork Inc expected to post breakeven results a share - Earnings Preview

Upwork

01/08/2023 03:07

* Upwork Inc  UPWK.OQ   UPWK.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 2. 
    * The San Francisco California-based  company is expected to
report  a 3.6% increase in revenue to $162.573 million from
$156.9 million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on May
3 2023, for the period ended June 30, was for revenue between
$161.00 million and $164.00 million.
    * ​Refinitiv's mean analyst estimate for Upwork Inc is for
breakeven results per share. The company's EPS guidance on May 3
2023, for the period ended June 30, was between $0.00 and $0.02 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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
$12.5​, above​ its last closing price of $10.43. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 161 million and 2 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  
 Mar. 31 2023  -0.07       -0.07      -0.01     Beat    84.8
 Dec. 31 2023  -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.        -0.14       -0.14      -0.03     Beat    78.4
 31 2022                                                
 Dec. 31 2021  -0.05       -0.05      -0.05     Met     -6.1​
 Sep. 30 2021  0.01        0.02       0.04      Beat    166.7
 Jun. 30 2021  -0.09       -0.09      0.03      Beat    134.1
 This summary was machine generated August 1 at 02:07 GMT.  All
figures in US dollars  unless otherwise stated