Upwork Inc reports results for the quarter ended in September 30 - Earnings Summary

Upwork

07/11/2024 04:13

* Upwork Inc  UPWK.OQ  reported quarterly adjusted earnings
of 29
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 21 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 23 cents to 33 cents per share.
    * Revenue rose 10.3% to $193.78 million from a year ago;
analysts
expected $185.85 million. 
    * Upwork Inc's reported EPS for the quarter was 20 cents​.
    * The company reported quarterly net income of $27.75
million.
    * Upwork Inc shares had risen by 37.7% this quarter and
lost 3.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * 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
$14.00 
This summary was machine generated from LSEG data November 7 at
04:13 a.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
 Sep. 30 2024      0.26           0.29           Beat
 Jun. 30 2024      0.23           0.26           Beat
 Mar. 31 2024      0.19           0.22           Beat
 Dec. 31 2023      0.17           0.20           Beat