UPWORK INC Analyst Estimates Revised: What Does This Mean for Investors?
December 23, 2022
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UPWORK INC ($NASDAQ:UPWK) is an online freelance platform that allows businesses to find, hire and collaborate with talented professionals around the world. It has become one of the most popular platforms for businesses looking to outsource work, allowing them to quickly find qualified professionals for various tasks. Recently, UPWORK INC’s analysts have revised their estimates for the company’s stock. This means that analysts are now predicting that UPWORK INC’s stock will perform better than their previous estimates. This could be a huge boost for investors, as it could mean that the company’s stock price will increase in the near future. The revised estimates could also be a sign that analysts have seen positive changes in the company’s performance.
Analysts may have noticed increased demand for UPWORK INC’s services, or they may have noticed the company expanding its customer base. It could also be a sign that the company is making moves to improve its operations, such as introducing new features or improving its customer service. Whatever the reason behind the revised estimates, it is important for investors to take note of this news. While nothing is guaranteed when it comes to investing, UPWORK INC’s revised estimates could be an indication of a bright future for investors. It could mean that UPWORK INC’s stock is set to increase in value over the coming months, which could be a great opportunity for investors to make a profit.
Price History
On Friday, UPWORK INC stock opened at 10.8 and closed at 10.9, a 1.3% decrease from the previous closing price of 11.0. This decrease was due to analysts revising their estimates for the company. Investors may be asking what this means for them and their portfolios. The revision of estimates could be a sign that the company’s performance is not meeting expectations. The decrease in share price could be due to the market’s reaction to the news, with investors selling off shares due to the perceived risk of the company’s future performance. The new estimates may also be indicative of changes in the industry or broader macroeconomic conditions that are impacting UPWORK INC’s operations and performance.
These estimates could provide investors with an insight into the growth potential of the company and how it is positioned in its respective industry. It is important for investors to consider all of these factors, as well as any other information that may be available, before making any decisions regarding their investments in UPWORK INC. Investing in any company carries risk, but the revision of estimates can give investors an indication of how their investment could be affected in the future. By paying close attention to analysts’ revised estimates, investors can make better-informed decisions about their investments in UPWORK INC and other companies. They can also use these estimates to determine how their portfolio might be affected by changes in the industry or broader macroeconomic conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Upwork Inc. More…
| Total Revenues | Net Income | Net Margin |
| 593.73 | -95.94 | -16.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Upwork Inc. More…
| Operations | Investing | Financing |
| -14.34 | -435.3 | 3.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Upwork Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.08k | 836.64 | 1.85 |
Key Ratios Snapshot
Some of the financial key ratios for Upwork Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.1% | – | -15.4% |
| FCF Margin | ROE | ROA |
| -3.7% | -23.3% | -5.3% |
VI Analysis
UPWORK INC is a company that has strong fundamentals, indicative of its long term potential. According to the VI Star Chart, UPWORK INC exhibits strong growth, medium asset and weak dividend and profitability. This has led to the company being classified as a ‘cheetah’, a type of company that achieves high revenue or earnings growth but is considered less stable due to lower profitability. Such companies are often attractive to investors looking for high returns, with a higher level of risk. UPWORK INC also has a healthy score of 8/10 with regard to its cashflows and debt, indicating that it is capable of sustaining its operations in times of crisis. This makes UPWORK INC an attractive option for investors looking for a more secure and reliable form of investment. In summary, UPWORK INC is an attractive option for investors looking for high returns with an acceptable level of risk. It has strong fundamentals, with a high health score, and is capable of sustaining its operations in times of crisis. For those looking for a reliable and secure form of investment, UPWORK INC is worth considering. More…
VI Peers
Some of Upwork’s main competitors include Kanzhun Ltd, LegalZoom.com Inc, and DHI Group Inc. While all these companies offer similar services, each has its own unique features that make it stand out in the market.
– Kanzhun Ltd ($NASDAQ:BZ)
Kanzhun Ltd is a Chinese internet company that offers a variety of services, including online recruitment, information technology, and e-commerce. As of 2022, the company has a market cap of 5.43 billion US dollars and a return on equity of 3.6%. Founded in 2003, Kanzhun Ltd is headquartered in Beijing, China.
– LegalZoom.com Inc ($NASDAQ:LZ)
Founded in 2001, LegalZoom is the nation’s leading provider of online legal solutions for individuals and small businesses. Our mission is to make legal simple, affordable, and accessible for everyone.
With over two million customers and more than 20,000 legal documents, we’ve helped people start their businesses, make their wills, and protect their families. We’re here to help you take care of the legal stuff so you can get back to what matters most.
LegalZoom has a market cap of 1.7B as of 2022, a Return on Equity of -34.4%. The company provides online legal solutions for individuals and small businesses.
– DHI Group Inc ($NYSE:DHX)
DHI Group, Inc. (DHI) is a provider of data and insights on the global technology, financial, and professional services industries. The Company’s products and services include Data, Insights, and Analytics, and Events and Training. DHI Group, Inc. is headquartered in New York, New York.
Summary
Investing in Upwork Inc can be a great way to diversify a portfolio and benefit from the potential of the company. Upwork Inc is a technology-based platform for freelancers, providing services such as marketing, web design, and mobile development. The company has seen tremendous growth in recent years, and the revising of analyst estimates is a sign that there could be further potential growth on the horizon. Investing in Upwork Inc is an attractive option for investors because of the company’s potential. The company is well-positioned to capitalize on the growing trend of remote working, with more people relying on technology to get work done. Additionally, Upwork Inc has had strong financials, with revenue increasing over the last few years and profits increasing significantly. The revised analyst estimates suggest that this could continue into the future, making Upwork Inc a great option for investors looking for long-term growth potential. The technology sector can be volatile, however, and investors should always do their due diligence before investing. Upwork Inc has yet to turn a profit, and there is always the risk of market volatility or unforeseen events affecting the stock price. Investors should research the company thoroughly to make sure they understand the risks before investing. Overall, Upwork Inc is an attractive option for investors looking for potential stock growth. With its solid fundamentals and revised analyst estimates, the company could be well-positioned for further growth in the future.
However, investors should always do their research and be aware of the risks before investing in any company.
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