* Thoughtworks Holding Inc reported quarterly adjusted earnings of 3 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of eleven analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from zero cents to 6 cents per share.
* Revenue fell 6.7% to $261.39 million from a year ago; analysts expected $256.09 million.
* Thoughtworks Holding Inc's reported EPS for the quarter was a loss of 2 cents.
* The company reported a quarterly loss of $6.06 million.
* Thoughtworks Holding Inc shares had risen by 1.6% this quarter and lost 6.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the it services & consulting peer group is also "hold"
Wall Street's median 12-month price target for Thoughtworks Holding Inc is 4.40 This summary was machine generated from LSEG data November 12 at 01:39 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.03 0.03 Met
Jun. 30 2024 0.00 -0.03 Missed
Mar. 31 2024 -0.02 -0.02 Met
Dec. 31 2023 0.03 0.02 Missed
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