Upwork (NASDAQ:UPWK – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Upwork to post earnings of $0.23 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Upwork (NASDAQ:UPWK – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $193.13 million during the quarter, compared to the consensus estimate of $193.05 million. Upwork had a return on equity of 20.75% and a net margin of 10.00%. Upwork’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned ($0.03) earnings per share. On average, analysts expect Upwork to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Upwork Stock Down 2.7 %
Shares of UPWK opened at $13.60 on Tuesday. The company has a market cap of $1.80 billion, a PE ratio of 24.73 and a beta of 1.49. The business has a fifty day moving average of $10.59 and a 200 day moving average of $10.86. Upwork has a 52-week low of $8.43 and a 52-week high of $16.36. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.99.
Insider Activity
Analyst Ratings Changes
A number of analysts have weighed in on UPWK shares. Canaccord Genuity Group reduced their target price on Upwork from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Citigroup reduced their target price on Upwork from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Roth Mkm reduced their target price on Upwork from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. The Goldman Sachs Group reduced their target price on Upwork from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group reduced their target price on Upwork from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.27.
Check Out Our Latest Stock Report on UPWK
Upwork Company Profile
Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.
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