Upwork Sees Q4 2023 Adj. EPS $0.16-$0.18 Vs $0.16 Est
Portfolio Pulse from Benzinga Newsdesk
Upwork has provided its Q4 2023 earnings per share (EPS) guidance, expecting non-GAAP diluted EPS to be between $0.16 and $0.18, compared to the estimated $0.16. The company also expects diluted weighted-average shares outstanding in the range of 143 million to 145 million. For the full year 2023, non-GAAP diluted EPS is expected to be between $0.47 and $0.49. Stock-based compensation expense is expected to be less than $20 million in Q4 2023.
November 07, 2023 | 9:27 pm
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Upwork's Q4 2023 EPS guidance is slightly higher than estimates, which could be seen as a positive signal by investors. However, the impact on the stock price will depend on market conditions and investor sentiment at the time.
Upwork's EPS guidance for Q4 2023 is slightly higher than the estimated $0.16, which could be interpreted as a positive signal by investors. However, the actual impact on the stock price will depend on various factors, including market conditions and investor sentiment at the time of the announcement. The company's expectation for stock-based compensation expense to be less than $20 million in Q4 2023 could also be seen as a positive factor.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100