-$0.21 EPS Expected for Workiva Inc (WK) This Quarter

Wall Street analysts forecast that Workiva Inc (NYSE:WK) will report earnings per share of ($0.21) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Workiva’s earnings, with the highest EPS estimate coming in at ($0.21) and the lowest estimate coming in at ($0.22). Workiva reported earnings per share of ($0.23) in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The business is scheduled to report its next earnings report after the market closes on Wednesday, November 7th.

On average, analysts expect that Workiva will report full-year earnings of ($0.54) per share for the current fiscal year, with EPS estimates ranging from ($0.54) to ($0.53). For the next fiscal year, analysts expect that the company will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.51) to ($0.20). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Workiva.

Workiva (NYSE:WK) last posted its earnings results on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.12. The business had revenue of $59.13 million during the quarter, compared to analyst estimates of $56.08 million.

WK has been the topic of several analyst reports. SunTrust Banks raised their target price on Workiva to $39.00 and gave the company a “positive” rating in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Morgan Stanley cut Workiva from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Tuesday, September 18th. Northland Securities lifted their price target on Workiva from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, September 24th. Stifel Nicolaus lifted their price target on Workiva from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Finally, Robert W. Baird upgraded Workiva from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $36.50.

WK traded down $0.10 during trading hours on Friday, hitting $33.83. The company’s stock had a trading volume of 2,900 shares, compared to its average volume of 275,818. Workiva has a fifty-two week low of $20.50 and a fifty-two week high of $40.65. The company has a debt-to-equity ratio of -1.01, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1.49 billion, a P/E ratio of -31.75 and a beta of 0.87.

Several hedge funds have recently modified their holdings of the company. Highwater Wealth Management LLC increased its position in shares of Workiva by 6,570.3% during the 3rd quarter. Highwater Wealth Management LLC now owns 761,415 shares of the software maker’s stock valued at $30,076,000 after purchasing an additional 750,000 shares during the period. First Hawaiian Bank acquired a new position in shares of Workiva during the 3rd quarter valued at $260,000. Kessler Investment Group LLC acquired a new position in shares of Workiva during the 3rd quarter valued at $213,000. Northern Trust Corp increased its position in shares of Workiva by 7.5% during the 2nd quarter. Northern Trust Corp now owns 419,478 shares of the software maker’s stock valued at $10,234,000 after purchasing an additional 29,208 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of Workiva in the 2nd quarter worth $229,000. Institutional investors own 40.58% of the company’s stock.

About Workiva

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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Earnings History and Estimates for Workiva (NYSE:WK)

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