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

Upwork

27/07/2022 22:02

* Upwork Inc  UPWK.OQ  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for a loss of 8
cents per share.
    * Revenue rose 26.3% to $156.90 million from a year ago;
analysts
expected $147.80 million. 
    * Upwork Inc's reported EPS for the quarter was a loss of 18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.3%
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 6.9% this quarter and
lost 35.3%
so far this year.
    * The company reported a quarterly loss of $23.82 million.
    * Wall Street's median 12-month price target for Upwork Inc
is
$31.00 
    * 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 July 27
at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.08          -0.04          Beat
 Mar. 31 2022      -0.14          -0.03          Beat
 Dec. 31 2021      -0.05          -0.05          Met
 Sep. 30 2021      0.02           0.04           Beat