Upwork Inc expected to post earnings of 23 cents a share - Earnings Preview

Upwork

06/08/2024 03:09

* Upwork Inc  UPWK.OQ   UPWK.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The San Francisco California-based  company is expected to
report a 14.5% increase in revenue to $193.042 million from
$168.61 million a year ago, according to the mean estimate from
11 analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$190.00 million and $195.00 million.
    * ​LSEG's mean analyst estimate for Upwork Inc is for
earnings of
23 cents per share. The company's EPS guidance on May 1 2024,
for the period ended June 30, was between $0.21 and $0.23 
    * 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
$19.00​, above​ its last closing price of $11.05. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD190 million and USD36 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.19        0.19       0.22      Beat    18.5
 Dec. 31 2024  0.18        0.17       0.20      Beat    15.1
 Sep. 30 2023  0.10        0.10       0.21      Beat    103.2​
 Jan. 1 0001   0.01        0.00       0.10      Beat    2,231
 ​​Mar.        -0.07       -0.07      -0.01     Beat    84.8
 31 2023                                                
 Dec. 31 2022  -0.03       -0.03      0.04      Beat    249.5​
 Sep. 30 2022  -0.08       -0.08      -0.03     Beat    61.8
 Jan. 1 0001   -0.08       -0.08      -0.04     Beat    50.8
 This summary was machine generated August 6 at 02:08 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)