Upwork Inc reports results for the quarter ended in December - Earnings Summary

Upwork

15/02/2023 22:02

* Upwork Inc  UPWK.OQ  reported quarterly adjusted earnings
of 4
cents​​ per share for the quarter ended in December. The mean
expectation of nine analysts for the quarter was for a loss of 3
cents per share.
    * Revenue rose 18% to $161.44 million from a year ago;
analysts
expected $159.29 million. 
    * Upwork Inc's reported EPS for the quarter was a loss of 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Upwork Inc shares had risen by 26.1% this quarter.
    * The company reported a quarterly loss of $16.5 million.
    * Wall Street's median 12-month price target for Upwork Inc
is
$18.00 
    * 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." 

This summary was machine generated from Refinitiv data February
15 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.03          0.04           Beat
 Sep. 30 2022      -0.08          -0.03          Beat
 Jun. 30 2022      -0.08          -0.04          Beat
 Mar. 31 2022      -0.14          -0.03          Beat