|Bid||42.11 x 1400|
|Ask||42.10 x 800|
|Day's Range||40.67 - 42.29|
|52 Week Range||8.92 - 63.88|
|Beta (5Y Monthly)||2.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 02, 2021 - Aug 06, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||63.50|
Shares of Upwork (NASDAQ: UPWK) were down a discouraging 12% at 11:50 a.m. EDT today, despite the freelance-jobs marketplace reporting better-than-expected sales and earnings in its first-quarter 2021 financial report, released last night. Analysts had forecast that Upwork would lose $0.04 per share, pro forma, on $108.9 million in revenue for its first fiscal quarter of 2021. Instead, Upwork reported a surprise $0.03 per share profit, pro forma, and sales of $113.6 million.
Good day, and thank you for standing by, and welcome to the Upwork first quarter and 2021 earnings conference call. Leading the discussion today are Hayden Brown, Upwork's president and chief executive officer; and Jeff McCombs, Upwork's chief financial officer.
Upwork (UPWK) delivered earnings and revenue surprises of -50.00% and 4.69%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?