Upwork Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-08

Upwork (NASDAQ:UPWK) Third Quarter 2024 ResultsKey Financial Results Revenue: US$193.8m (up 10% from 3Q 2023). Net income: US$27.8m (up 70% from 3Q 2023). Profit margin: 14% (up from 9.3% in 3Q 2023)....

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Net...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UPWK":"Upwork Inc."},"translate_title":"Upwork 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPWK":0.9},"content_text":"Upwork (NASDAQ:UPWK) Third Quarter 2024 ResultsKey Financial Results Revenue: US$193.8m (up 10% from 3Q 2023). Net income: US$27.8m (up 70% from 3Q 2023). Profit margin: 14% (up from 9.3% in 3Q 2023). EPS: US$0.21 (up from US$0.12 in 3Q 2023).  NasdaqGS:UPWK Earnings and Revenue Growth November 8th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Upwork Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 5.3%.  Earnings per share (EPS) also surpassed analyst estimates by 25%.      Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US.    Performance of the American Professional Services industry.  The company's shares are up 20% from a week ago.   Risk Analysis We should say that we've discovered 2 warning signs for Upwork that you should be aware of before investing here. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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