Upwork Inc. (NASDAQ:UPWK) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.08 per share.
For the full year, analysts predict revenues of $ 353.84 million, while looking forward to loss of $ 0.33 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 89.00 million ~ $ 91.00 million
Full Year 2020 topline are forecasted in a range of$ 340.00 million ~ $ 345.00 million
Click Here For More Historical Outlooks Of Upwork Inc.
Previous Quarter Performance
Upwork Inc. announced loss for the second quarter of $ 0.09 per share, from the revenue of $ 87.53 million. The quarterly revenues swell 19.66 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.09 per share from $ 80.31 million in revenue. The top line results outshined analysts by $ 7.22 million or 8.99 percent.
Stock Performance
Shares of Upwork Inc. traded up $ 0.77 or 4.09 percent on Tuesday, reaching $ 19.61 with volume of 1.63 million shares. Upwork Inc. has traded high as $ 19.94 and has cracked $ 18.81 on the downward trend
According to the previous trading day, closing price of $ 19.61, representing a 266.54 % increase from the 52 week low of $ 5.14 and a 11.55 % decrease over the 52 week high of $ 21.30.
The company has a market capital of $ 2.36 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Upwork Inc. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.upwork.com
Upwork Inc. operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The companys platform provides access to talent with approximately 5,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and Web development.
