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Upwork (UPWK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2024, Upwork (UPWK - Free Report) reported revenue of $193.78 million, up 10.3% over the same period last year. EPS came in at $0.29, compared to $0.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $182.18 million, representing a surprise of +6.37%. The company delivered an EPS surprise of +26.09%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Upwork performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Gross services volume: $998.27 million versus $964.79 million estimated by two analysts on average.
Revenues- Marketplace: $167.34 million versus the three-analyst average estimate of $155.96 million.
Revenues- Enterprise: $26.44 million versus $26.21 million estimated by three analysts on average.
Shares of Upwork have returned +38.4% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Upwork (UPWK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2024, Upwork (UPWK - Free Report) reported revenue of $193.78 million, up 10.3% over the same period last year. EPS came in at $0.29, compared to $0.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $182.18 million, representing a surprise of +6.37%. The company delivered an EPS surprise of +26.09%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Upwork performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Gross services volume: $998.27 million versus $964.79 million estimated by two analysts on average.
- Revenues- Marketplace: $167.34 million versus the three-analyst average estimate of $155.96 million.
- Revenues- Enterprise: $26.44 million versus $26.21 million estimated by three analysts on average.
View all Key Company Metrics for Upwork here>>>Shares of Upwork have returned +38.4% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.