Workiva (WK) Set to Announce Earnings on Wednesday

Workiva (NYSE:WK) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Workiva to post earnings of $0.23 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 announced its earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The business had revenue of $177.50 million during the quarter, compared to the consensus estimate of $175.22 million. During the same quarter last year, the firm posted ($0.36) earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts expect Workiva to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Workiva Stock Down 0.7 %

WK opened at $79.17 on Monday. The firm has a market cap of $4.37 billion, a P/E ratio of -47.98 and a beta of 1.05. Workiva has a 52 week low of $65.47 and a 52 week high of $105.00. The business has a fifty day simple moving average of $77.86 and a 200-day simple moving average of $76.91.

Analyst Upgrades and Downgrades

WK has been the subject of several research reports. StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Northland Securities reduced their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Insider Transactions at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.86% of the company’s stock.

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.