Workiva (WK) Set to Announce Earnings on Thursday

Workiva (NYSE:WK) is set to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to analyst estimates of $164.44 million. On average, analysts expect Workiva to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Workiva Price Performance

Shares of NYSE WK opened at $78.80 on Wednesday. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of -33.25 and a beta of 1.03. The business has a 50-day moving average of $82.91 and a 200-day moving average of $91.05. Workiva has a fifty-two week low of $76.63 and a fifty-two week high of $116.00.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 11,439 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the completion of the transaction, the executive vice president now directly owns 62,453 shares of the company’s stock, valued at $5,846,849.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, February 21st. Citigroup dropped their price objective on shares of Workiva from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, BMO Capital Markets dropped their price objective on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.63.

About Workiva

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.