Thoughtworks (TWKS) Set to Announce Quarterly Earnings on Tuesday

Thoughtworks (NASDAQ:TWKS) is scheduled to be issuing 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. Investors that wish to register for the company’s conference call can do so using this link.

Thoughtworks (NASDAQ:TWKS) last issued 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 analysts’ expectations 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

TWKS stock opened at $2.25 on Monday. The company has a market capitalization of $726.37 million, a PE ratio of -10.23 and a beta of 0.97. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $2.52 and its two-hundred day moving average is $3.68. Thoughtworks has a 52-week low of $2.19 and a 52-week high of $8.41.

Analysts Set New Price Targets

A number of analysts recently issued reports on TWKS shares. Royal Bank of Canada dropped their price target on shares of Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. William Blair restated a “market perform” rating on shares of Thoughtworks in a research note on Wednesday, February 28th. Piper Sandler decreased their price target on Thoughtworks from $5.00 to $3.40 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Finally, Citigroup lowered their price objective on Thoughtworks from $2.75 to $2.50 and set a “neutral” rating for the company in a report on Monday, April 22nd. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.58.

About Thoughtworks

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.