Paymentus and Upwork set to report third-quarter results

what happened

Paymentus and Upwork will both report third-quarter results on Monday. Paymentus reports after the bell, and Upwork after the market close, according to a preview published by StockStory.

Paymentus, a digital payments platform, reported revenue of $360.7 million last quarter, up 28.8% year on year. Analysts expect growth to slow to 15.5%, compared with 34.2% in the same quarter last year. The company has a history of beating Wall Street estimates. Among peers, Donnelley Financial Solutions grew revenue 5.5% and beat expectations by 2.8%, and its shares rose 25.9%. WEX lifted revenue 12.8% and topped estimates by 3.2%, but its stock fell 3.3%.

Upwork, an online work marketplace, posted $191.7 million in revenue last quarter, down 1.7% year on year. Its guidance for the next quarter came in well below analyst forecasts, as did its EBITDA outlook. The market now expects revenue to fall 10.6%, after a 4.1% gain a year earlier. Fiverr's revenue declined 15.8% but beat estimates by 8.4%, and its shares gained 4.2%. DoorDash grew revenue 34%, topped forecasts by 1.1%, and its stock rose 5.6%.

why it matters

Neither company has reported yet, so share reactions will depend on the actual figures and guidance. Investors will watch whether Paymentus keeps its record of beating estimates and whether Upwork's weak outlook is confirmed.

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