Earnings Preview: Upwork
Portfolio Pulse from Benzinga Insights
Upwork (NASDAQ:UPWK) is scheduled to release its quarterly earnings report on February 14, 2024. Analysts predict an EPS of $0.17. The company's past performance shows a pattern of beating EPS estimates, which has sometimes led to significant stock price movements. Shares are currently trading at $14.71, with a 1.51% increase over the last 52 weeks. Investors are optimistic but will be closely watching the guidance for the next quarter.
February 13, 2024 | 2:01 pm
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POSITIVE IMPACT
Upwork is expected to report an EPS of $0.17 for the upcoming quarter. Historical data shows its ability to beat EPS estimates, positively impacting its stock price. Currently trading at $14.71, the stock has seen a 1.51% increase over the past year.
Given Upwork's history of beating EPS estimates and the positive stock price reaction that follows, there's a strong likelihood of a positive short-term impact on UPWK's stock price, especially if they beat the EPS estimate again and provide optimistic guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100