Analysts expect Workiva Inc (NYSE:WK) to announce $62.70 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Workiva’s earnings. The lowest sales estimate is $62.60 million and the highest is $62.80 million. Workiva reported sales of $54.51 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15%. The company is expected to issue its next earnings report on Thursday, February 28th.
On average, analysts expect that Workiva will report full year sales of $242.67 million for the current financial year, with estimates ranging from $242.50 million to $243.00 million. For the next financial year, analysts expect that the business will post sales of $279.00 million, with estimates ranging from $278.00 million to $279.93 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Workiva.
Workiva (NYSE:WK) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.11. The company had revenue of $60.87 million during the quarter, compared to analysts’ expectations of $59.84 million. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) earnings per share.
Several equities research analysts have recently weighed in on WK shares. Stifel Nicolaus increased their price objective on Workiva from $35.00 to $42.00 and gave the company a “buy” rating in a report on Friday, September 21st. SunTrust Banks increased their price objective on Workiva to $46.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. Zacks Investment Research raised Workiva from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Saturday, November 17th. Robert W. Baird raised Workiva from a “neutral” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Tuesday, September 25th. Finally, Northland Securities increased their price objective on Workiva from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, September 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.17.
In related news, CAO Jill Klindt sold 3,500 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $35.11, for a total transaction of $122,885.00. Following the completion of the sale, the chief accounting officer now directly owns 34,354 shares of the company’s stock, valued at $1,206,168.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eugene S. Katz sold 29,800 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $36.13, for a total value of $1,076,674.00. Following the sale, the director now directly owns 30,995 shares of the company’s stock, valued at $1,119,849.35. The disclosure for this sale can be found here. Insiders sold 88,500 shares of company stock valued at $3,144,165 over the last three months. Corporate insiders own 29.94% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WK. Bank of Montreal Can acquired a new stake in shares of Workiva during the second quarter worth $311,000. Acadian Asset Management LLC acquired a new stake in shares of Workiva during the second quarter worth $541,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Workiva during the second quarter worth $1,645,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Workiva during the second quarter worth $1,301,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Workiva during the second quarter worth $411,000. 46.05% of the stock is owned by hedge funds and other institutional investors.
WK stock opened at $34.26 on Friday. The company has a market capitalization of $1.54 billion, a PE ratio of -32.02 and a beta of 1.06. Workiva has a twelve month low of $20.50 and a twelve month high of $40.84.
Workiva Company Profile
Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.
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