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

Upwork

02/08/2023 22:03

* Upwork Inc  UPWK.OQ  reported quarterly adjusted earnings
of 10
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for breakeven
results per share.
    * Revenue rose 7.5% to $168.61 million from a year ago;
analysts
expected $162.57 million. 
    * Upwork Inc's reported EPS for the quarter was a loss of 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 75.5%
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 7.3% this quarter and
lost 4.0%
so far this year.
    * The company reported a quarterly loss of $3.99 million.
    * Wall Street's median 12-month price target for Upwork Inc
is
$12.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.00           0.10           Beat
 Mar. 31 2023      -0.07          -0.01          Beat
 Dec. 31 2022      -0.03          0.04           Beat
 Sep. 30 2022      -0.08          -0.03          Beat