Workiva Inc. (WK) Expected to Post Earnings of -$0.35 Per Share
Equities analysts expect Workiva Inc. (NYSE:WK) to report earnings per share (EPS) of ($0.35) for the current quarter, Zacks reports. Five analysts have made estimates for Workiva’s earnings. The lowest EPS estimate is ($0.36) and the highest is ($0.33). Workiva reported earnings of ($0.32) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that Workiva will report full-year earnings of ($1.10) per share for the current fiscal year, with EPS estimates ranging from ($1.12) to ($1.08). For the next fiscal year, analysts forecast that the company will report earnings of ($0.96) per share, with EPS estimates ranging from ($1.05) to ($0.83). Zacks’ EPS calculations are an average based on a survey of research analysts that cover Workiva.
Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.06. Workiva had a negative net margin of 18.94% and a negative return on equity of 13,251.94%. The firm had revenue of $49.40 million for the quarter, compared to the consensus estimate of $48.37 million. During the same period in the prior year, the firm posted ($0.20) EPS. The firm’s revenue was up 14.9% compared to the same quarter last year.
A number of equities analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 target price (up previously from $16.00) on shares of Workiva in a research report on Tuesday, July 25th. BidaskClub lowered shares of Workiva from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 target price on shares of Workiva in a research report on Friday. Northland Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Workiva in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Workiva in a research report on Monday, June 26th. They set a “buy” rating and a $22.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.88.
Workiva (NYSE:WK) traded up 4.71% on Friday, reaching $20.00. 175,786 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $19.51 and a 200 day moving average of $16.63. The stock’s market capitalization is $622.12 million. Workiva has a 12 month low of $12.15 and a 12 month high of $20.95.
In other Workiva news, major shareholder Jerome M. Behar sold 53,500 shares of Workiva stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $18.13, for a total transaction of $969,955.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Joseph H. Howell sold 24,000 shares of Workiva stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.61, for a total transaction of $446,640.00. Following the sale, the vice president now owns 22,048 shares in the company, valued at approximately $410,313.28. The disclosure for this sale can be found here. Insiders have sold 415,445 shares of company stock worth $8,008,143 in the last quarter. Corporate insiders own 33.40% of the company’s stock.
A number of large investors have recently bought and sold shares of WK. Legal & General Group Plc increased its stake in Workiva by 9.3% in the second quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after buying an additional 597 shares in the last quarter. American International Group Inc. increased its stake in Workiva by 7.0% in the first quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock worth $212,000 after buying an additional 888 shares in the last quarter. HighTower Advisors LLC increased its stake in Workiva by 1.6% in the first quarter. HighTower Advisors LLC now owns 57,732 shares of the software maker’s stock worth $904,000 after buying an additional 900 shares in the last quarter. Teachers Advisors LLC increased its stake in Workiva by 2.4% in the first quarter. Teachers Advisors LLC now owns 72,894 shares of the software maker’s stock worth $1,141,000 after buying an additional 1,680 shares in the last quarter. Finally, First PREMIER Bank increased its stake in Workiva by 15.6% in the second quarter. First PREMIER Bank now owns 13,724 shares of the software maker’s stock worth $261,000 after buying an additional 1,855 shares in the last quarter. Hedge funds and other institutional investors own 40.77% of the company’s stock.
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Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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