Upwork Inc expected to post earnings of 26 cents a share - Earnings Preview

Upwork

04/11/2024 21:53

* Upwork Inc  UPWK.OQ   UPWK.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The San Francisco California-based  company is expected to
report a 5.8% increase in revenue to $185.853 million from
$175.73 million a year ago, according to the mean estimate from
10 analysts, based on LSEG data.The company's guidance on
October 23 2024, for the period ended September 30, was for
revenue between $179.00 million and $184.00 million.
    * ​LSEG's mean analyst estimate for Upwork Inc is for
earnings of
26 cents per share. The company's EPS guidance on August 7 2024,
for the period ended September 30, was between $0.23 and $0.25 
    * 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
$14.00​, above​ its last closing price of $13.98. ​​​

The company's guidance on October 23 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD179 million and
USD39 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  
 Jun. 30 2024  0.23        0.23       0.26      Beat    13.8
 Mar. 31 2024  0.19        0.19       0.22      Beat    18.5
 Dec. 31 2023  0.18        0.17       0.20      Beat    15.1​
 Sep. 30 2023  0.10        0.10       0.21      Beat    103.2
 ​​Jun.        0.01        0.00       0.10      Beat    2,231
 30 2023                                                
 Mar. 31 2023  -0.07       -0.07      -0.01     Beat    84.8​
 Dec. 31 2022  -0.03       -0.03      0.04      Beat    249.5
 Sep. 30 2022  -0.08       -0.08      -0.03     Beat    61.8
 This summary was machine generated November 4 at 21:53 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)