Zacks: Analysts Anticipate Workiva Inc (NYSE:WK) to Announce -$0.16 Earnings Per Share

Wall Street brokerages forecast that Workiva Inc (NYSE:WK) will post earnings per share of ($0.16) for the current quarter, Zacks reports. Five analysts have issued estimates for Workiva’s earnings, with estimates ranging from ($0.17) to ($0.16). Workiva posted earnings of ($0.09) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 77.8%. The firm is expected to report its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Workiva will report full year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.27). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.28) to $0.13. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Workiva.

Workiva (NYSE:WK) last released its earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The business had revenue of $73.48 million for the quarter, compared to the consensus estimate of $68.96 million. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share.



WK has been the topic of several research analyst reports. ValuEngine downgraded shares of Workiva from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. SunTrust Banks boosted their target price on shares of Workiva to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday, July 5th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.83.

In other Workiva news, CEO Martin J. Vanderploeg sold 25,000 shares of Workiva stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $56.15, for a total transaction of $1,403,750.00. Following the completion of the sale, the chief executive officer now directly owns 314,918 shares in the company, valued at approximately $17,682,645.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Martin J. Vanderploeg sold 575,000 shares of Workiva stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $56.25, for a total transaction of $32,343,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 782,038 shares of company stock worth $44,310,138. 18.46% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. lifted its stake in shares of Workiva by 238.1% in the 4th quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Workiva by 541.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock valued at $27,000 after purchasing an additional 390 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Workiva by 57.1% in the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after purchasing an additional 400 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Workiva in the 2nd quarter valued at $52,000. Finally, Advisory Services Network LLC acquired a new position in shares of Workiva in the 1st quarter valued at $89,000. Institutional investors and hedge funds own 56.23% of the company’s stock.

NYSE:WK traded down $0.36 during trading hours on Thursday, hitting $49.22. 15,977 shares of the company were exchanged, compared to its average volume of 536,398. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -52.77 and a beta of 0.96. Workiva has a 52-week low of $30.35 and a 52-week high of $64.11. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day moving average price is $58.30 and its 200-day moving average price is $52.76.

Workiva Company Profile

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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