Thoughtworks (TWKS) Scheduled to Post 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. Parties interested in listening to the company’s conference call can do so using this link.

Thoughtworks (NASDAQ:TWKS) last issued its earnings results on Tuesday, February 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. Thoughtworks had a negative net margin of 6.09% and a negative return on equity of 2.46%. The company had revenue of $252.39 million during 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 Stock Performance

Shares of TWKS stock opened at $2.25 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a market capitalization of $726.37 million, a price-to-earnings ratio of -10.23 and a beta of 0.97. Thoughtworks has a one year low of $2.19 and a one year high of $8.41. The company’s 50-day simple moving average is $2.52 and its 200-day simple moving average is $3.68.

Wall Street Analyst Weigh In

TWKS has been the subject of several research reports. Royal Bank of Canada decreased their target price on Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Piper Sandler decreased their price objective on shares of Thoughtworks from $5.00 to $3.40 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Citigroup dropped their target price on shares of Thoughtworks from $2.75 to $2.50 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Thoughtworks in a report on Wednesday, February 28th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company 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.