Zacks: Analysts Expect Workiva Inc (WK) Will Announce Earnings of -$0.21 Per Share

Equities analysts expect that Workiva Inc (NYSE:WK) will report earnings of ($0.21) per share for the current quarter, Zacks reports. Five analysts have made estimates for Workiva’s earnings, with estimates ranging from ($0.22) to ($0.21). Workiva reported earnings of ($0.23) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The firm is expected to report its next quarterly 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 forecast that the business will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.51) to ($0.20). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Workiva.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.12. The company had revenue of $59.13 million for the quarter, compared to analyst estimates of $56.08 million.



Several equities research analysts have recently commented on the stock. Morgan Stanley decreased their target price on shares of Workiva from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday. Zacks Investment Research downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. SunTrust Banks boosted their target price on shares of Workiva to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Robert W. Baird raised shares of Workiva from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Tuesday, September 25th. Finally, Stifel Nicolaus boosted their target price on shares of Workiva from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $36.17.

Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of Workiva by 114.3% during the first quarter. Russell Investments Group Ltd. now owns 7,500 shares of the software maker’s stock worth $178,000 after acquiring an additional 4,000 shares in the last quarter. Rhumbline Advisers grew its position in Workiva by 17.5% in the 2nd quarter. Rhumbline Advisers now owns 26,896 shares of the software maker’s stock worth $656,000 after purchasing an additional 4,003 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Workiva in the 1st quarter worth about $113,000. SG Americas Securities LLC bought a new stake in Workiva in the 2nd quarter worth about $127,000. Finally, Kessler Investment Group LLC bought a new stake in Workiva in the 3rd quarter worth about $213,000. 40.60% of the stock is owned by institutional investors.

Shares of NYSE WK traded down $0.25 during trading on Friday, hitting $33.02. 171,848 shares of the company traded hands, compared to its average volume of 218,509. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of -1.01. The firm has a market capitalization of $1.43 billion, a P/E ratio of -30.86 and a beta of 0.87. Workiva has a fifty-two week low of $20.50 and a fifty-two week high of $40.65.

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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