Thoughtworks (TWKS) Scheduled to Post Quarterly Earnings on Tuesday

Thoughtworks (NASDAQ:TWKS) is scheduled to release its earnings data before the market opens on Tuesday, August 6th. Analysts expect Thoughtworks to post earnings of $0.00 per share for the quarter. Thoughtworks has set its Q2 guidance at ($0.01) to $0.01 EPS and its FY24 guidance at $0.02 to $0.08 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Thoughtworks (NASDAQ:TWKS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $248.59 million for the quarter, compared to analyst estimates of $242.77 million. Thoughtworks had a negative net margin of 8.56% and a negative return on equity of 4.10%. On average, analysts expect Thoughtworks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Thoughtworks Stock Down 4.8 %

NASDAQ:TWKS opened at $3.39 on Monday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -11.69 and a beta of 1.10. Thoughtworks has a 1-year low of $2.19 and a 1-year high of $7.34. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average price is $2.87 and its 200 day moving average price is $3.09.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $6.00 target price on shares of Thoughtworks in a research note on Wednesday, May 8th. Citigroup lowered their target price on Thoughtworks from $3.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, July 12th. The Goldman Sachs Group assumed coverage on Thoughtworks in a research note on Monday, June 24th. They issued a “sell” rating and a $2.50 target price on the stock. Finally, Robert W. Baird boosted their target price on Thoughtworks from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.52.

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.