TWKS Earnings

TWKS reported its FY2024Q2 earnings on 2024-08-05, showcasing a revenue of 252.00M against an estimate of 251.00M, resulting in a 0.12% surprise. The EPS was -0.06, surpassing the expected -0.02 by -200% . The stock experienced a 27.14% price change on the earnings day and a 28.02% change over the next five days, reflecting market reactions to the results.

Following TWKS's FY2024Q2 earnings announcement on 2024-08-05, the stock price moved by 27.14% on the day of the release. Over the subsequent five days, it saw a 28.02% change. Historically, TWKS's stock price tends to shift by an average of -23.67% in the 10 days leading up to earnings and +3.33% in the 10 days following, providing insight into potential market.

For 2024/Q4, analysts estimate TWKS’s annual revenue to reach 256.00M, while the EPS is projected at 0.00. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between TWKS's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for were No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, TWKS's stock price typically moves by -23.67% in the 10 days before its earnings and +3.33% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of 0.00 and revenue of 256.00M.

The earnings call summary reflects a negative sentiment due to several factors: declining revenue and EBITDA margins, weak guidance with expected revenue declines, and restructuring charges impacting financial health. Despite some positive elements like strategic restructuring and cost savings, the Q&A reveals concerns about pricing dynamics, shortfall in EBITDA margins, and unclear management responses. Furthermore, the negative guidance for Q1 and full-year 2024, combined with the lack of strong positive catalysts, suggests a likely negative stock price reaction over the next two weeks.