Workiva (WK) Set to Announce Earnings on Wednesday

Workiva (NYSE:WK) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Workiva to post earnings of $0.23 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Workiva (NYSE:WK) last announced its earnings results on Thursday, August 1st. The software maker reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The company had revenue of $177.50 million during the quarter, compared to the consensus estimate of $175.22 million. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.36) EPS. On average, analysts expect Workiva to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Workiva Stock Performance

Workiva stock opened at $79.85 on Wednesday. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of -46.42 and a beta of 1.05. The stock’s 50 day simple moving average is $77.79 and its two-hundred day simple moving average is $76.86. Workiva has a fifty-two week low of $65.47 and a fifty-two week high of $105.00.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WK. StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Northland Securities cut their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.00.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.86% of the stock is currently owned by corporate insiders.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.