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

Upwork

04/05/2023 24:56

* Upwork Inc  UPWK.OQ  reported a quarterly adjusted loss of
1
cent​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for a loss of 7
cents per share.
    * Revenue rose 13.8% to $160.86 million from a year ago;
analysts
expected $158.99 million. 
    * Upwork Inc's reported EPS for the quarter was 15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 134.4% 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 fallen by 22.3% this quarter and
lost 15.7% so far this year.
    * The company reported quarterly net income of $17.17
million.
    * Wall Street's median 12-month price target for Upwork Inc
is
$17.00 
    * 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 LSEG Refinitiv data May
3 at 11:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.07          -0.01          Beat
 Dec. 31 2022      -0.03          0.04           Beat
 Sep. 30 2022      -0.08          -0.03          Beat
 Jun. 30 2022      -0.08          -0.04          Beat