-$0.16 EPS Expected for Workiva Inc (NYSE:WK) This Quarter

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Brokerages expect Workiva Inc (NYSE:WK) to announce ($0.16) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Workiva’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.16). The company is expected to announce its next earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Workiva will report full-year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.26). For the next year, analysts expect that the company will post earnings of ($0.33) per share, with EPS estimates ranging from ($0.46) to ($0.05). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Workiva.

Workiva (NYSE:WK) last released its earnings results on Wednesday, November 6th. The software maker reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.24. The firm had revenue of $74.18 million for the quarter, compared to analysts’ expectations of $72.32 million. Workiva had a negative net margin of 14.02% and a negative return on equity of 208.31%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) earnings per share.

WK has been the topic of a number of recent research reports. ValuEngine upgraded shares of Workiva from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Goldman Sachs Group initiated coverage on shares of Workiva in a research note on Monday, November 11th. They set a “neutral” rating and a $46.00 price target on the stock. Morgan Stanley dropped their price target on shares of Workiva from $46.00 to $42.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 16th. Zacks Investment Research upgraded shares of Workiva from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Northland Securities restated a “buy” rating and set a $62.00 price target on shares of Workiva in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Workiva currently has an average rating of “Hold” and an average target price of $56.20.

In related news, CAO Jill Klindt sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $42.05, for a total transaction of $504,600.00. Following the sale, the chief accounting officer now directly owns 28,090 shares in the company, valued at approximately $1,181,184.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugene S. Katz sold 3,571 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $42.20, for a total transaction of $150,696.20. Following the completion of the sale, the director now owns 101,385 shares in the company, valued at $4,278,447. The disclosure for this sale can be found here. Corporate insiders own 18.46% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Workiva by 22.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,519,224 shares of the software maker’s stock worth $204,432,000 after purchasing an additional 637,742 shares in the last quarter. BlackRock Inc. lifted its stake in Workiva by 15.1% in the 2nd quarter. BlackRock Inc. now owns 2,670,615 shares of the software maker’s stock worth $155,135,000 after purchasing an additional 349,527 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Workiva by 8.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,767,400 shares of the software maker’s stock worth $102,668,000 after purchasing an additional 132,998 shares in the last quarter. State Street Corp lifted its stake in Workiva by 1.9% in the 3rd quarter. State Street Corp now owns 724,781 shares of the software maker’s stock worth $31,767,000 after purchasing an additional 13,431 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in Workiva in the 2nd quarter worth approximately $32,808,000. Institutional investors and hedge funds own 59.20% of the company’s stock.

WK traded up $0.09 during midday trading on Friday, reaching $40.81. The company had a trading volume of 146,099 shares, compared to its average volume of 244,205. The stock has a market cap of $1.93 billion, a PE ratio of -43.88 and a beta of 0.98. The company has a debt-to-equity ratio of 4.48, a quick ratio of 2.63 and a current ratio of 2.63. The business has a 50-day moving average price of $42.06 and a two-hundred day moving average price of $49.43. Workiva has a 12-month low of $31.83 and a 12-month 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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