Thoughtworks Holding Expects Q2 Revenues Of $250M-$255M Vs. $246.13M Estimate; Adjusted Diluted (Loss) Earnings Per Share Of (0.01)-$0.01
Portfolio Pulse from Benzinga Newsdesk
Thoughtworks Holding projects Q2 revenues to be between $250M-$255M, surpassing the $246.13M estimate. The forecast indicates a year-over-year decline of 13% to 11% in both U.S. dollars and constant currency, with minimal impact from acquisitions. Adjusted EBITDA Margin is expected to range from 5.5% to 7.5%, and Adjusted Diluted EPS is projected to be between $(0.01) to $0.01, based on 323 million diluted outstanding shares.
May 07, 2024 | 11:19 am
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Thoughtworks Holding expects Q2 revenues to exceed estimates at $250M-$255M, with a minor YoY decline and an Adjusted EPS of $(0.01)-$0.01.
The projection of higher-than-expected revenues for Q2 suggests a positive outlook for Thoughtworks, despite a year-over-year decline. The forecasted range for Adjusted EPS, although showing potential for a slight loss, is relatively narrow, indicating stability. This news is likely to be viewed positively by investors, given the revenue beat, and could lead to a short-term uptick in TWKS stock price.
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