Analysts Expect Workiva Inc (WK) Will Post Quarterly Sales of $57.63 Million

Equities research analysts expect that Workiva Inc (NYSE:WK) will report $57.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Workiva’s earnings, with estimates ranging from $57.36 million to $57.80 million. Workiva posted sales of $51.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 11%. The business is scheduled to report its next earnings results after the market closes on Wednesday, May 2nd.

On average, analysts expect that Workiva will report full year sales of $235.24 million for the current year, with estimates ranging from $235.00 million to $235.80 million. For the next financial year, analysts expect that the business will post sales of $267.01 million per share, with estimates ranging from $263.66 million to $268.90 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Workiva.

Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. The company had revenue of $54.51 million for the quarter, compared to analysts’ expectations of $53.28 million. During the same quarter last year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis.



A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Workiva from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus increased their target price on shares of Workiva from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. ValuEngine upgraded shares of Workiva from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Raymond James Financial lowered shares of Workiva from an “outperform” rating to a “market perform” rating in a research report on Friday, February 23rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $28.00 target price on shares of Workiva in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Workiva has an average rating of “Hold” and an average target price of $23.86.

In other news, major shareholder Jerome M. Behar sold 13,843 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $23.17, for a total value of $320,742.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jerome M. Behar sold 46,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $22.15, for a total transaction of $1,018,900.00. The disclosure for this sale can be found here. Insiders have sold 257,923 shares of company stock valued at $6,141,505 in the last quarter. Company insiders own 33.29% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Workiva by 3.0% in the fourth quarter. BlackRock Inc. now owns 1,484,847 shares of the software maker’s stock valued at $31,776,000 after acquiring an additional 43,388 shares during the period. Renaissance Technologies LLC boosted its position in shares of Workiva by 73.6% in the fourth quarter. Renaissance Technologies LLC now owns 758,300 shares of the software maker’s stock valued at $16,228,000 after acquiring an additional 321,394 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Workiva by 16.6% in the fourth quarter. Frontier Capital Management Co. LLC now owns 470,151 shares of the software maker’s stock valued at $10,061,000 after acquiring an additional 66,950 shares during the period. Geode Capital Management LLC boosted its position in shares of Workiva by 29.8% in the fourth quarter. Geode Capital Management LLC now owns 229,961 shares of the software maker’s stock valued at $4,920,000 after acquiring an additional 52,766 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Workiva in the fourth quarter valued at approximately $4,261,000. Institutional investors own 40.32% of the company’s stock.

Shares of NYSE:WK opened at $24.40 on Friday. The company has a debt-to-equity ratio of -1.09, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $1,038.64, a price-to-earnings ratio of -22.80 and a beta of 0.54. Workiva has a twelve month low of $16.00 and a twelve month high of $26.75.

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Workiva Company Profile

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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