Upwork (UPWK) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.10 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Upwork (UPWK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Upwork NASDAQ: UPWK is a technology firm that operates as an online marketplace, connecting freelance workers and independent contractors with employers. In 2024, the stock price is down 29% due to fears that AI will eliminate many freelance jobs.
The gig economy is under pressure from AI's rising effectiveness, but I think the fears are overstated.
This company rides a powerful tailwind, adding convenience to businesses and workers worldwide.