Upwork (NASDAQ:UPWK) will announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
Upwork (NASDAQ:UPWK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $68.92 million for the quarter, compared to analysts’ expectations of $69.15 million. On average, analysts expect Upwork to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ:UPWK opened at $15.70 on Tuesday. The stock’s 50 day moving average price is $16.12. The stock has a market cap of $1.70 billion and a price-to-earnings ratio of -41.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.74 and a quick ratio of 1.74. Upwork has a 12 month low of $14.08 and a 12 month high of $25.00.
In other Upwork news, SVP Han-Shen Yuan sold 100,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $15.31, for a total value of $1,531,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephane Kasriel sold 120,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $15.59, for a total value of $1,870,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 607,451 shares of company stock worth $9,687,211. 40.81% of the stock is owned by corporate insiders.
Upwork Company Profile
Upwork Inc operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The company's 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.
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