Workiva (WK) to Release Quarterly Earnings on Wednesday

Workiva (NYSE:WK) is set to announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of ($0.36) per share for the quarter. Workiva has set its Q3 guidance at ($0.22)-(0.21) EPS and its FY18 guidance at ($0.55)-(0.53) EPS.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.12. The company had revenue of $59.13 million for the quarter, compared to analysts’ expectations of $56.08 million. On average, analysts expect Workiva to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NYSE WK opened at $34.09 on Monday. Workiva has a 52 week low of $20.50 and a 52 week high of $40.65. The firm has a market cap of $1.48 billion, a PE ratio of -31.86 and a beta of 1.04.

Several research analysts have recently commented on WK shares. SunTrust Banks lifted their price target on Workiva to $39.00 and gave the stock a “positive” rating in a report on Wednesday, August 29th. They noted that the move was a valuation call. Morgan Stanley lowered Workiva from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $20.00 to $28.00 in a report on Tuesday, September 18th. Stifel Nicolaus lifted their price target on Workiva from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, September 21st. Northland Securities lifted their price target on Workiva from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, September 24th. Finally, Robert W. Baird upgraded shares of Workiva from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Workiva presently has a consensus rating of “Buy” and a consensus target price of $36.17.

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 for Workiva (NYSE:WK)

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