In the latest market close, Upwork (NASDAQ: UPWK) reached $11.37, with a +1.25% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%.
Shares of the online freelance marketplace operator witnessed a loss of 9.44% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 6.83% and the S&P 500's loss of 4.16%.
Investors will be eagerly watching for the performance of Upwork in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 1, 2024. On that day, Upwork is projected to report earnings of $0.19 per share, which would represent year-over-year growth of 2000%. At the same time, our ...