News Home

Thoughtworks Holding Inc Down 29.96% To $3.23 After Earnings Miss

Tuesday, February 27, 2024 10:39 AM | InvestorsObserver Analysts

Mentioned in this article

Thoughtworks Holding Inc Down 29.96% To $3.23 After Earnings Miss

Thoughtworks Holding Inc (TWKS) said before open Tuesday that it earned $0.02 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $252.4 million, missing estimates by $15.2 million.

In the same quarter a year ago, the company earned $0.1 per share on revenue of $310.7 million.

The stock is down 29.96% to $3.23 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Thoughtworks Holding Inc a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 33. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Thoughtworks Holding Inc is a global technology consultancy that integrates strategy, design and software engineering to enable enterprises and technology disruptors across the globe to thrive as modern digital businesses.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App