-$0.17 EPS Expected for Workiva Inc (NYSE:WK) This Quarter

Equities research analysts expect Workiva Inc (NYSE:WK) to announce earnings per share of ($0.17) for the current quarter, Zacks reports. Five analysts have made estimates for Workiva’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.18). Workiva reported earnings per share of ($0.09) in the same quarter last year, which would indicate a negative year-over-year growth rate of 88.9%. The business is expected to announce its next earnings results after the market closes on Wednesday, November 6th.

On average, analysts expect that Workiva will report full year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.31) to ($0.27). For the next financial year, analysts forecast that the business will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.28) to $0.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Workiva.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The business had revenue of $73.48 million during the quarter, compared to analyst estimates of $68.96 million. During the same quarter in the previous year, the business posted ($0.12) EPS. Workiva’s revenue for the quarter was up 24.3% on a year-over-year basis.

A number of equities research analysts have issued reports on the company. ValuEngine upgraded Workiva from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley reduced their price target on Workiva from $46.00 to $42.00 and set an “underweight” rating on the stock in a report on Wednesday, October 16th. SunTrust Banks increased their price target on Workiva to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Workiva in a report on Saturday.

WK stock traded up $0.56 during midday trading on Tuesday, reaching $41.23. 209,311 shares of the company traded hands, compared to its average volume of 274,200. Workiva has a 52-week low of $31.83 and a 52-week high of $64.11. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50 day moving average of $43.57 and a 200-day moving average of $51.95. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -44.33 and a beta of 1.00.

In related news, CEO Martin J. Vanderploeg sold 25,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $62.14, for a total value of $1,553,500.00. Following the transaction, the chief executive officer now owns 314,918 shares of the company’s stock, valued at $19,569,004.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP J Stuart Miller sold 60,788 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $56.25, for a total value of $3,419,325.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,142,038 shares of company stock worth $64,386,888. Company insiders own 18.46% of the company’s stock.

A number of large investors have recently made changes to their positions in WK. Advisory Services Network LLC bought a new position in Workiva in the first quarter worth approximately $89,000. FMR LLC bought a new position in Workiva in the first quarter worth approximately $2,535,000. Commonwealth Equity Services LLC grew its stake in Workiva by 3.6% in the second quarter. Commonwealth Equity Services LLC now owns 8,606 shares of the software maker’s stock worth $499,000 after purchasing an additional 300 shares in the last quarter. Convergence Investment Partners LLC bought a new position in Workiva in the second quarter worth approximately $284,000. Finally, Virginia Retirement Systems ET AL bought a new position in Workiva in the second quarter worth approximately $227,000. 56.29% of the stock is currently owned by institutional investors.

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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