Workiva Inc (WK) Expected to Post Earnings of -$0.05 Per Share

Equities research analysts expect Workiva Inc (NYSE:WK) to report earnings per share (EPS) of ($0.05) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Workiva’s earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.04). Workiva posted earnings of ($0.09) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 44.4%. The company is expected to report its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Workiva will report full year earnings of ($0.35) per share for the current financial year, with EPS estimates ranging from ($0.37) to ($0.34). For the next financial year, analysts anticipate that the company will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.27) to $0.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Workiva.

Workiva (NYSE:WK) last released its quarterly earnings results on Wednesday, February 20th. The software maker reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.09. The firm had revenue of $64.40 million for the quarter, compared to analysts’ expectations of $62.70 million. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS.

Separately, Zacks Investment Research lowered Workiva from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.67.

In other Workiva news, CEO Martin J. Vanderploeg sold 25,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $49.57, for a total value of $1,239,250.00. Following the completion of the transaction, the chief executive officer now owns 314,918 shares in the company, valued at $15,610,485.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jeff D. Trom sold 20,000 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $34.24, for a total transaction of $684,800.00. Following the completion of the transaction, the vice president now owns 324,909 shares of the company’s stock, valued at approximately $11,124,884.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,000 shares of company stock valued at $8,254,800. Insiders own 29.94% of the company’s stock.

Several hedge funds have recently modified their holdings of WK. Advisor Group Inc. grew its stake in shares of Workiva by 238.1% during the fourth quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Workiva by 57.1% during the fourth quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock worth $39,000 after purchasing an additional 400 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Workiva during the fourth quarter worth $67,000. We Are One Seven LLC acquired a new position in shares of Workiva during the fourth quarter worth $125,000. Finally, Legal & General Group Plc lifted its position in Workiva by 14.9% in the third quarter. Legal & General Group Plc now owns 4,718 shares of the software maker’s stock valued at $186,000 after acquiring an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 48.46% of the company’s stock.

NYSE WK traded down $0.99 on Friday, reaching $48.54. The stock had a trading volume of 20,766 shares, compared to its average volume of 317,188. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -52.23 and a beta of 1.13. Workiva has a 12-month low of $22.00 and a 12-month high of $51.36.

About Workiva

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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