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Saturday, April 17, 2021

UPWK Should Post An EPS Of $0.04 For This Quarter

Several brokerages at Wall Street have already predicted that the stocks of UPWK would be posting an EPS of $0.04 which would see them off for this quarter. According to a report published by Zacks, two of the investment analysts have already provided the estimates of the company’s earnings. The ball has been rolled at $0.03, with the limit being $0.05. The EPS posted by the company the previous year was $0.09, which is indicative of a positive annual growth rate of 55.6%. The firm has informed the market that they would be uploading their next quarterly report on the 5th of May. 

The Quarterly Estimate of UPWK

UPWK has previously announced its quarterly data on the 23rd of February. The EPS reported by the firm was $0.01, which competed with the analyst estimate of $0.07. The company had a return on its equity which was at a negative -10.95%, with a -8.42% net margin. The revenue generated by UPWK for the quarter was $106.15 million, which was more than the estimate set by analysts at $97.34 million. 

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There have been quite a few research equities that have commented on the stocks of UPWK. BTIG Research has already increased the price objective of the company from $68 to $75. The price rating set on the firm was buy, which was published in a 24th February research note.

Stifel Nicolaus has increased the company’s price target from $40 to $65, along with a rating of buy on the 24th of February. MKM Partners also joined the bandwagon- increasing the price rating of UPWK from $52 to $69, in a 24th February research note. JMP Securities was one of the last companies to set up a rating of outperform with a price target that was increased from $28 to $77. 

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