Workiva (NYSE:WK) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of (0.10-0.11) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.12). The company issued revenue guidance of $62.4-62.8 million, compared to the consensus revenue estimate of $61.87 million.
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut shares of Workiva from an equal weight rating to an underweight rating and boosted their target price for the company from $20.00 to $28.00 in a research report on Tuesday, September 18th. Northland Securities boosted their target price on shares of Workiva from $30.00 to $40.00 and gave the company an outperform rating in a research report on Monday, September 24th. SunTrust Banks boosted their target price on shares of Workiva to $46.00 and gave the company a buy rating in a research report on Wednesday, September 26th. Stifel Nicolaus boosted their target price on shares of Workiva from $35.00 to $42.00 and gave the company a buy rating in a research report on Friday, September 21st. Finally, Zacks Investment Research cut shares of Workiva from a buy rating to a hold rating in a research report on Saturday, October 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Workiva presently has an average rating of Buy and a consensus price target of $36.17.
WK traded up $2.86 on Wednesday, hitting $37.16. 375,334 shares of the stock were exchanged, compared to its average volume of 220,019. Workiva has a 12 month low of $20.50 and a 12 month high of $40.65. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -34.73 and a beta of 1.04.
Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.12. The firm had revenue of $59.13 million for the quarter, compared to the consensus estimate of $56.08 million. Sell-side analysts anticipate that Workiva will post -1.15 EPS for the current fiscal year.
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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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