Workiva (WK) Scheduled to Post Quarterly Earnings on Thursday

Workiva (NYSE:WK) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Workiva to post earnings of $0.17 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. The company had revenue of $166.65 million during the quarter, compared to the consensus estimate of $164.44 million. On average, analysts expect Workiva to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Workiva Price Performance

Shares of WK stock opened at $81.13 on Tuesday. The company has a market capitalization of $4.44 billion, a P/E ratio of -34.23 and a beta of 1.03. The company’s 50-day simple moving average is $83.16 and its two-hundred day simple moving average is $91.18. Workiva has a one year low of $76.63 and a one year high of $116.00.

Insider Buying and Selling

In related news, EVP Michael D. Hawkins sold 11,439 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the transaction, the executive vice president now directly owns 62,453 shares in the company, valued at $5,846,849.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WK shares. Stifel Nicolaus lowered their target price on shares of Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, February 21st. BMO Capital Markets decreased their price target on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Finally, Citigroup reduced their target price on shares of Workiva from $110.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $111.63.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.