Upwork Sees Q2 Adj. EPS $0.21-$0.23 vs $0.20 Est., Revenue $190M-$195M vs $192.04M Est.
Portfolio Pulse from Benzinga Newsdesk
Upwork has projected its Q2 adjusted EPS to be between $0.21 and $0.23, surpassing the estimated $0.20. The company also forecasts its revenue to be in the range of $190 million to $195 million, which is around the analyst's expectation of $192.04 million.
May 01, 2024 | 8:48 pm
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POSITIVE IMPACT
Upwork's Q2 earnings forecast exceeds analyst expectations, with adjusted EPS and revenue projections indicating strong performance.
Upwork's projection of a higher than expected adjusted EPS for Q2 suggests the company is performing better than analysts anticipated, which is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term. The revenue forecast, being in line with expectations, reinforces the company's stable growth outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100