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

Upwork

14/02/2024 23:29

* Upwork Inc  UPWK.OQ  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 17 cents per share. Wall Street expected
results to range from 16 cents to 19 cents per share.
    * Revenue fell 2.4% to $157.49 million from a year ago;
analysts
expected $178.16 million. 
    * Upwork Inc's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $17.37
million.
    * Upwork Inc shares had fallen by 6.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the employment
services
peer group is also "buy"

Wall Street's median 12-month price target for Upwork Inc is
$17.50 
This summary was machine generated from LSEG data February 14 at
11:29 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.17           0.20           Beat
 Sep. 30 2023      0.10           0.21           Beat
 Jun. 30 2023      0.00           0.10           Beat
 Mar. 31 2023      -0.07          -0.01          Beat