Thoughtworks (TWKS) to Release Quarterly Earnings on Tuesday

Thoughtworks (NASDAQ:TWKS - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Thoughtworks (NASDAQ:TWKS - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $252.39 million during the quarter, compared to the consensus estimate of $268.34 million. Thoughtworks had a negative net margin of 6.09% and a negative return on equity of 2.46%. On average, analysts expect Thoughtworks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Thoughtworks Stock Performance

TWKS stock traded down $0.04 during mid-day trading on Tuesday, hitting $2.32. 433,128 shares of the company were exchanged, compared to its average volume of 760,108. Thoughtworks has a 1-year low of $2.19 and a 1-year high of $8.41. The business has a 50 day simple moving average of $2.65 and a 200-day simple moving average of $3.72. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $748.97 million, a PE ratio of -10.55 and a beta of 0.99.

Wall Street Analysts Forecast Growth

TWKS has been the subject of several recent research reports. Robert W. Baird upgraded Thoughtworks from a "neutral" rating to an "outperform" rating and set a $6.00 price target for the company in a research note on Tuesday, January 2nd. Royal Bank of Canada cut their price objective on shares of Thoughtworks from $6.00 to $5.00 and set a "sector perform" rating for the company in a report on Wednesday, February 28th. William Blair reiterated a "market perform" rating on shares of Thoughtworks in a research report on Wednesday, February 28th. Piper Sandler reduced their price target on Thoughtworks from $5.00 to $3.40 and set a "neutral" rating on the stock in a research report on Tuesday, February 27th. Finally, Citigroup dropped their price objective on Thoughtworks from $2.75 to $2.50 and set a "neutral" rating for the company in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.58.

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.