Brokerages Expect Workiva Inc (NYSE:WK) to Post -$0.15 Earnings Per Share

Brokerages expect Workiva Inc (NYSE:WK) to post earnings per share of ($0.15) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Workiva’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.17). The company is expected to announce its next earnings results on Tuesday, August 4th.

According to Zacks, analysts expect that Workiva will report full-year earnings of ($0.52) per share for the current fiscal year, with EPS estimates ranging from ($0.79) to ($0.33). For the next year, analysts anticipate that the firm will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.63) to ($0.02). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Workiva.

Workiva (NYSE:WK) last posted its earnings results on Thursday, April 30th. The software maker reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.18. The company had revenue of $85.80 million during the quarter, compared to analyst estimates of $82.32 million. Workiva had a negative net margin of 16.33% and a negative return on equity of 85.23%. Workiva’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share.

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Workiva from $40.00 to $30.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. Northland Securities restated a “buy” rating and issued a $52.00 price objective on shares of Workiva in a report on Friday, May 1st. ValuEngine lowered shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research upgraded shares of Workiva from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Saturday, April 25th. Finally, SunTrust Banks lowered their price objective on shares of Workiva from $65.00 to $57.00 and set a “buy” rating for the company in a report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Workiva presently has a consensus rating of “Buy” and a consensus price target of $44.60.

In other news, Director Michael M. Crow sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $40.56, for a total value of $405,600.00. Following the transaction, the director now directly owns 24,889 shares of the company’s stock, valued at $1,009,497.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 14.95% of the company’s stock.

Large investors have recently bought and sold shares of the company. FMR LLC increased its position in Workiva by 6.6% during the fourth quarter. FMR LLC now owns 1,396,095 shares of the software maker’s stock worth $58,706,000 after purchasing an additional 86,716 shares during the last quarter. Riverbridge Partners LLC increased its position in Workiva by 0.7% during the first quarter. Riverbridge Partners LLC now owns 951,963 shares of the software maker’s stock worth $30,777,000 after purchasing an additional 6,606 shares during the last quarter. State Street Corp increased its position in Workiva by 0.4% during the first quarter. State Street Corp now owns 765,501 shares of the software maker’s stock worth $24,749,000 after purchasing an additional 3,251 shares during the last quarter. Norges Bank acquired a new stake in shares of Workiva during the fourth quarter valued at about $27,714,000. Finally, Geode Capital Management LLC increased its position in shares of Workiva by 6.1% during the first quarter. Geode Capital Management LLC now owns 522,996 shares of the software maker’s stock valued at $16,908,000 after acquiring an additional 30,064 shares during the last quarter. 59.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Workiva stock traded up $0.80 during trading on Friday, reaching $42.24. 383,003 shares of the stock were exchanged, compared to its average volume of 464,915. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 4.57. The stock’s fifty day moving average is $36.09 and its 200 day moving average is $40.46. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -38.75 and a beta of 1.20. Workiva has a 1 year low of $22.01 and a 1 year high of $64.11.

Workiva Company Profile

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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