Thoughtworks (TWKS) Scheduled to Post Quarterly Earnings on Tuesday

Thoughtworks (NASDAQ:TWKS) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Thoughtworks to post earnings of ($0.02) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Thoughtworks Trading Down 5.5 %

Shares of NASDAQ TWKS opened at $2.25 on Monday. The stock has a market capitalization of $726.37 million, a P/E ratio of -10.23 and a beta of 0.97. Thoughtworks has a 1-year low of $2.19 and a 1-year high of $8.41. The business’s 50 day moving average is $2.52 and its two-hundred day moving average is $3.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.69 and a quick ratio of 2.69.

Analyst Ratings Changes

Several analysts recently weighed in on the company. William Blair restated a “market perform” rating on shares of Thoughtworks in a report on Wednesday, February 28th. Citigroup dropped their price target on shares of Thoughtworks from $2.75 to $2.50 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada reduced their price objective on shares of Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Finally, Piper Sandler cut their target price on Thoughtworks from $5.00 to $3.40 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.