Wall Street brokerages expect Upwork Inc (NASDAQ:UPWK) to report earnings of ($0.04) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Upwork’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.02). The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Upwork will report full-year earnings of ($0.20) per share for the current financial year, with EPS estimates ranging from ($0.25) to ($0.14). For the next financial year, analysts forecast that the company will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.13) to ($0.05). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Upwork.

Upwork (NASDAQ:UPWK) last released its earnings results on Wednesday, November 7th. The company reported ($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $64.10 million for the quarter, compared to analyst estimates of $62.24 million. Upwork’s revenue for the quarter was up 22.6% on a year-over-year basis.

Several research firms recently commented on UPWK. Guggenheim began coverage on Upwork in a research note on Wednesday, October 24th. They set a “buy” rating and a $25.00 target price for the company. Royal Bank of Canada initiated coverage on Upwork in a research note on Monday, October 29th. They set an “outperform” rating and a $24.00 target price for the company. Jefferies Financial Group initiated coverage on Upwork in a research report on Monday, October 29th. They set a “hold” rating and a $20.00 price objective for the company. Stifel Nicolaus initiated coverage on Upwork in a research report on Monday, October 29th. They set a “hold” rating and a $18.00 price objective for the company. Finally, Citigroup initiated coverage on Upwork in a research report on Monday, October 29th. They set a “buy” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.20.

In other news, SVP Hayden Brown sold 54,246 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $13.95, for a total transaction of $756,731.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

UPWK opened at $16.46 on Friday. Upwork has a 12 month low of $15.84 and a 12 month high of $23.49.

Upwork Company Profile

Upwork Inc operates an online platform that connects businesses and freelancers. Its platform comprise freelancers in content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development categories. The company was formerly known as Elance-oDesk, Inc and changed its name to Upwork Inc in May 2015.

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