Thoughtworks (NASDAQ:TWKS – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.020-0.080 for the period, compared to the consensus EPS estimate of 0.050. The company issued revenue guidance of $995.0 million-$1.0 billion, compared to the consensus revenue estimate of $988.5 million. Thoughtworks also updated its Q2 2024 guidance to -0.010-0.010 EPS.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on TWKS shares. William Blair reaffirmed a market perform rating on shares of Thoughtworks in a research note on Wednesday, February 28th. Robert W. Baird increased their price objective on Thoughtworks from $5.00 to $6.00 and gave the company an outperform rating in a report on Wednesday. Piper Sandler decreased their price target on shares of Thoughtworks from $5.00 to $3.40 and set a neutral rating for the company in a report on Tuesday, February 27th. Royal Bank of Canada decreased their target price on Thoughtworks from $6.00 to $5.00 and set a sector perform rating on the stock in a research report on Wednesday, February 28th. Finally, Citigroup lowered their price objective on Thoughtworks from $2.75 to $2.50 and set a neutral rating on the stock in a research report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $4.58.
Get Our Latest Analysis on Thoughtworks
Thoughtworks Trading Up 2.6 %
Thoughtworks (NASDAQ:TWKS – Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported ($0.04) EPS for the quarter. Thoughtworks had a negative net margin of 6.09% and a negative return on equity of 2.46%. The business had revenue of $252.39 million for the quarter, compared to the consensus estimate of $268.34 million. On average, analysts predict that Thoughtworks will post -0.04 earnings per share for the current year.
Thoughtworks Company Profile
Thoughtworks Holding, Inc provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company's consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses.
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