Equities research analysts expect that Workiva (NYSE:WK) will post earnings per share (EPS) of ($0.24) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Workiva’s earnings, with estimates ranging from ($0.25) to ($0.24). Workiva reported earnings of ($0.14) per share in the same quarter last year, which would suggest a negative year over year growth rate of 71.4%. The business is scheduled to announce its next earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Workiva will report full year earnings of ($0.73) per share for the current year, with EPS estimates ranging from ($0.74) to ($0.71). For the next financial year, analysts expect that the firm will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.69) to ($0.44). Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Workiva.
Workiva (NYSE:WK) last issued its earnings results on Wednesday, May 2nd. The software maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. The company had revenue of $59.91 million during the quarter, compared to analysts’ expectations of $57.62 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year.
A number of equities analysts have issued reports on the company. ValuEngine upgraded Workiva from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. Northland Securities reiterated a “buy” rating and set a $27.00 price target on shares of Workiva in a research report on Friday, February 23rd. Zacks Investment Research upgraded Workiva from a “sell” rating to a “hold” rating in a research report on Friday, April 13th. Morgan Stanley increased their price target on Workiva from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 3rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $28.00 price target on shares of Workiva in a research report on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.86.
In other Workiva news, major shareholder Jerome M. Behar sold 100,000 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $25.70, for a total transaction of $2,570,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eugene S. Katz sold 6,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $22.83, for a total value of $136,980.00. Following the transaction, the director now directly owns 124,836 shares of the company’s stock, valued at approximately $2,850,005.88. The disclosure for this sale can be found here. Corporate insiders own 29.94% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Frontier Capital Management Co. LLC raised its holdings in shares of Workiva by 16.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 470,151 shares of the software maker’s stock valued at $10,061,000 after acquiring an additional 66,950 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Workiva by 12.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 113,579 shares of the software maker’s stock valued at $2,431,000 after purchasing an additional 12,886 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Workiva by 7.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 158,681 shares of the software maker’s stock valued at $3,396,000 after purchasing an additional 10,640 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Workiva by 3.0% in the fourth quarter. BlackRock Inc. now owns 1,484,847 shares of the software maker’s stock valued at $31,776,000 after purchasing an additional 43,388 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Workiva by 89.5% in the fourth quarter. Citadel Advisors LLC now owns 49,333 shares of the software maker’s stock valued at $1,056,000 after purchasing an additional 23,304 shares during the last quarter. 44.01% of the stock is owned by institutional investors and hedge funds.
Workiva traded down $0.30, reaching $25.20, during mid-day trading on Thursday, Marketbeat Ratings reports. 4,625 shares of the company’s stock were exchanged, compared to its average volume of 221,757. The company has a market capitalization of $1.11 billion, a P/E ratio of -23.83 and a beta of 0.55. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of -1.97. Workiva has a 12-month low of $17.40 and a 12-month high of $27.60.
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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