Upwork (UPWK) Expected to Announce Earnings on Wednesday

Key Points

• Upwork is expected to announce its Q2 2025 earnings on August 6th, with analysts predicting earnings of $0.26 per share and revenue of $187.56 million.
• The company reported a net margin of 30.46% and a revenue increase of 0.9% compared to the same quarter last year, with earnings for the last quarter exceeding expectations.
• Numerous financial analysts have recently given Upwork a consensus price target of $18.67, with a majority suggesting a "buy" or "strong-buy" rating for the stock.

Upwork (NASDAQ:UPWK - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $187.56 million for the quarter. Upwork has set its Q2 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 1.140-1.180 EPS.

Upwork (NASDAQ:UPWK - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.09. The firm had revenue of $192.71 million for the quarter, compared to analysts' expectations of $188.49 million. Upwork had a return on equity of 48.38% and a net margin of 30.46%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. On average, analysts expect Upwork to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Upwork Trading Down 3.2%

Shares of UPWK stock traded down $0.38 during trading hours on Friday, hitting $11.58. 288,848 shares of the company were exchanged, compared to its average volume of 2,319,390. The company has a 50 day simple moving average of $13.91 and a two-hundred day simple moving average of $14.45. The firm has a market cap of $1.52 billion, a P/E ratio of 6.93 and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.41 and a current ratio of 3.41. Upwork has a fifty-two week low of $8.43 and a fifty-two week high of $18.14.

Analysts Set New Price Targets

A number of research firms have commented on UPWK. Needham & Company LLC restated a "buy" rating and issued a $19.00 price target on shares of Upwork in a report on Tuesday, May 6th. Wall Street Zen raised shares of Upwork from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. BTIG Research lowered Upwork from a "buy" rating to a "neutral" rating in a research report on Friday, April 4th. Jefferies Financial Group dropped their price target on Upwork from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $18.00 price target on shares of Upwork in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Upwork currently has a consensus rating of "Moderate Buy" and an average price target of $18.67.

Insiders Place Their Bets

In other Upwork news, CFO Erica Gessert sold 9,267 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $13.51, for a total value of $125,197.17. Following the transaction, the chief financial officer directly owned 190,738 shares in the company, valued at $2,576,870.38. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dave Bottoms sold 11,562 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $13.51, for a total transaction of $156,202.62. Following the sale, the insider owned 9,345 shares of the company's stock, valued at approximately $126,250.95. The trade was a 55.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 545,454 shares of company stock valued at $9,172,963. Company insiders own 7.50% of the company's stock.

Institutional Investors Weigh In On Upwork

Several large investors have recently added to or reduced their stakes in UPWK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Upwork by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,466 shares of the company's stock valued at $972,000 after buying an additional 3,599 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Upwork by 68.9% in the 1st quarter. Royal Bank of Canada now owns 191,587 shares of the company's stock worth $2,501,000 after buying an additional 78,123 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Upwork by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 338,680 shares of the company's stock valued at $4,420,000 after buying an additional 31,378 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Upwork by 364.0% during the 1st quarter. Millennium Management LLC now owns 789,638 shares of the company's stock worth $10,305,000 after acquiring an additional 619,459 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company's stock.

Upwork Company Profile

Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.