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Thoughtworks Holding, Inc. (TWKS) Soars 7.0%: Is Further Upside Left in the Stock?
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Thoughtworks Holding, Inc. (TWKS - Free Report) shares ended the last trading session 7% higher at $7.36. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.9% loss over the past four weeks.
Thoughtworks launched its Engineering Effectiveness solution which shall optimize software engineering teams to deliver higher customer value with reduced investment. Thoughtworks business is diversified across industries and geographical boundaries. A solid demand from clients with eagerness for data and data-related services are tailwinds for the company.
This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -69.2%. Revenues are expected to be $303.93 million, down 5.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Thoughtworks Holding, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TWKS going forward to see if this recent jump can turn into more strength down the road.
Thoughtworks Holding, Inc. belongs to the Zacks Technology Services industry. Another stock from the same industry, Coursera (COUR - Free Report) , closed the last trading session 6.9% higher at $11.52. Over the past month, COUR has returned -2.4%.
Coursera's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.11. Compared to the company's year-ago EPS, this represents no change. Coursera currently boasts a Zacks Rank of #3 (Hold).
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Thoughtworks Holding, Inc. (TWKS) Soars 7.0%: Is Further Upside Left in the Stock?
Thoughtworks Holding, Inc. (TWKS - Free Report) shares ended the last trading session 7% higher at $7.36. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.9% loss over the past four weeks.
Thoughtworks launched its Engineering Effectiveness solution which shall optimize software engineering teams to deliver higher customer value with reduced investment. Thoughtworks business is diversified across industries and geographical boundaries. A solid demand from clients with eagerness for data and data-related services are tailwinds for the company.
This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -69.2%. Revenues are expected to be $303.93 million, down 5.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Thoughtworks Holding, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TWKS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Thoughtworks Holding, Inc. belongs to the Zacks Technology Services industry. Another stock from the same industry, Coursera (COUR - Free Report) , closed the last trading session 6.9% higher at $11.52. Over the past month, COUR has returned -2.4%.
Coursera's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.11. Compared to the company's year-ago EPS, this represents no change. Coursera currently boasts a Zacks Rank of #3 (Hold).