Thoughtworks Holding, Inc. (NASDAQ:TWKS – Free Report) – Wedbush issued their Q3 2024 EPS estimates for Thoughtworks in a report released on Monday, April 15th. Wedbush analyst M. Katri forecasts that the company will post earnings of $0.00 per share for the quarter. The consensus estimate for Thoughtworks’ current full-year earnings is ($0.03) per share. Wedbush also issued estimates for Thoughtworks’ Q4 2024 earnings at $0.00 EPS and FY2025 earnings at $0.01 EPS.
Thoughtworks (NASDAQ:TWKS – Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $252.39 million during the quarter, compared to the consensus estimate of $268.34 million. Thoughtworks had a negative net margin of 6.09% and a negative return on equity of 2.46%.
Check Out Our Latest Stock Report on Thoughtworks
Thoughtworks Price Performance
TWKS opened at $2.26 on Wednesday. Thoughtworks has a 1 year low of $2.19 and a 1 year high of $8.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.69 and a quick ratio of 2.69. The company has a market capitalization of $729.60 million, a price-to-earnings ratio of -10.27 and a beta of 0.99. The firm’s fifty day moving average price is $3.05 and its two-hundred day moving average price is $3.85.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Thoughtworks by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 11,333,636 shares of the company’s stock valued at $54,515,000 after acquiring an additional 273,708 shares during the period. Mubadala Investment Co PJSC bought a new position in Thoughtworks in the 4th quarter worth approximately $37,411,000. Goldman Sachs Group Inc. grew its stake in Thoughtworks by 23.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 709,937 shares of the company’s stock valued at $3,415,000 after buying an additional 135,833 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Thoughtworks during the 4th quarter valued at $330,000. Finally, Barclays PLC lifted its position in shares of Thoughtworks by 336.2% during the fourth quarter. Barclays PLC now owns 145,886 shares of the company’s stock worth $702,000 after acquiring an additional 112,441 shares in the last quarter. Hedge funds and other institutional investors own 32.81% of the company’s stock.
Thoughtworks Company Profile
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.
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