Thoughtworks (TWKS) Set to Announce Earnings on Tuesday

Thoughtworks (NASDAQ:TWKS) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Thoughtworks (NASDAQ:TWKS) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.04) earnings per share for the quarter. Thoughtworks had a negative return on equity of 2.46% and a negative net margin of 6.09%. The company had revenue of $252.39 million for the quarter, compared to analyst estimates 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 Price Performance

Shares of NASDAQ TWKS opened at $2.36 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.69 and a quick ratio of 2.69. The company has a market cap of $761.88 million, a PE ratio of -10.73 and a beta of 0.99. The stock has a fifty day moving average price of $2.69 and a 200 day moving average price of $3.73. Thoughtworks has a 1-year low of $2.19 and a 1-year high of $8.41.

Analysts Set New Price Targets

A number of brokerages have weighed in on TWKS. Piper Sandler lowered their price objective on Thoughtworks from $5.00 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Citigroup cut their price objective on Thoughtworks from $2.75 to $2.50 and set a “neutral” rating for the company in a research report on Monday, April 22nd. William Blair reaffirmed a “market perform” rating on shares of Thoughtworks in a research note on Wednesday, February 28th. Royal Bank of Canada decreased their price objective on shares of Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. Finally, Robert W. Baird upgraded shares of Thoughtworks from a “neutral” rating to an “outperform” rating and set a $6.00 target price on the stock in a research report on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Thoughtworks has a consensus 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.