TWKS Stock - Thoughtworks Holding, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $1.13B | $1.30B | $1.07B | $803.38M | $772.19M |
| Gross Profit | $354.02M | $345.93M | $380.50M | $327.81M | $295.56M |
| Gross Margin | 31.4% | 26.7% | 35.6% | 40.8% | 38.3% |
| Operating Income | $-20,312,000 | $-47,312,000 | $19.12M | $120.84M | $75.90M |
| Net Income | $-68,661,000 | $-105,393,000 | $-23,623,000 | $78.97M | $28.42M |
| Net Margin | -6.1% | -8.1% | -2.2% | 9.8% | 3.7% |
| EPS | $-0.22 | $-0.34 | $-0.09 | $0.24 | $0.09 |
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. It offers enterprise modernization, platforms, and cloud services, including modernization strategy and execution, digital platform strategy and engineering organization transformation, cloud modernization, cloud-native application support and evolution, and platform assessment and remediation; and customer experience, product, and design services comprising idea to market, customer experience strategy, product management transformation, and product design and delivery. The company also provides data and artificial intelligence services, such as data strategy, intelligent products, data platforms and data mesh, continuous delivery for machine learning, and data governance; and digital transformation and operations services, which include delivery transformation, digital fluency, organization transformation, value-driven portfolio management, technology strategy, executive advisory, and digital foundations training. It serves its clients in various industry verticals, including technology and business services; energy, public, and health services; retail and consumer; financial services and insurance; and automotive, travel, and transportation. The company was founded in 1993 and is headquartered in Chicago, Illinois.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 24th 2024 | Goldman | Initiation | Sell | $2.5 |
| February 28th 2024 | William Blair | Downgrade | Market Perform | - |
| January 2nd 2024 | Robert W. Baird | Upgrade | Outperform | $6 |
| October 17th 2023 | Wolfe Research | Downgrade | Peer Perform | - |
| August 10th 2023 | TD Cowen | Downgrade | Market Perform | $6← $9 |
| August 9th 2023 | RBC Capital Mkts | Downgrade | Sector Perform | $6← $10 |
| January 17th 2023 | Citigroup | Downgrade | Neutral | - |
| November 14th 2022 | Piper Sandler | Downgrade | Neutral | $9.5← $14 |
Earnings History & Surprises
TWKSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2024 | Nov 12, 2024 | $0.04 | $0.03 | -25.0% | ✗ MISS |
Q3 2024 | Aug 5, 2024 | $-0.00 | $-0.03 | -1422.8% | ✗ MISS |
Q2 2024 | May 7, 2024 | $-0.02 | $-0.02 | -27.4% | ✗ MISS |
Q1 2024 | Feb 27, 2024 | $0.03 | $0.02 | -36.9% | ✗ MISS |
Q4 2023 | Nov 7, 2023 | $0.03 | $0.04 | +54.4% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $0.04 | $0.03 | -15.3% | ✗ MISS |
Q2 2023 | May 9, 2023 | $0.04 | $0.03 | -25.5% | ✗ MISS |
Q1 2023 | Feb 28, 2023 | $0.09 | $0.10 | +11.1% | ✓ BEAT |
Q4 2022 | Nov 14, 2022 | $0.11 | $0.08 | -27.3% | ✗ MISS |
Q3 2022 | Aug 15, 2022 | $0.11 | $0.11 | 0.0% | = MET |
Q2 2022 | May 9, 2022 | $0.12 | $0.13 | +8.3% | ✓ BEAT |
Q1 2022 | Mar 1, 2022 | $0.09 | $0.09 | 0.0% | = MET |
Q4 2021 | Nov 15, 2021 | $0.10 | $0.14 | +40.0% | ✓ BEAT |
Q3 2021 | Aug 25, 2021 | — | $0.06 | — | — |
Q2 2021 | Jun 30, 2021 | — | $0.06 | — | — |
Q4 2020 | Dec 31, 2020 | — | $0.06 | — | — |
Q3 2020 | Sep 30, 2020 | — | $0.07 | — | — |
Q2 2020 | Jun 30, 2020 | — | $0.06 | — | — |
Q1 2020 | Mar 31, 2020 | — | $0.06 | — | — |
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