Workiva (WK) Set to Announce Earnings on Thursday

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

Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. The firm had revenue of $166.65 million during 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 Stock Down 0.3 %

WK stock opened at $80.07 on Thursday. Workiva has a fifty-two week low of $76.63 and a fifty-two week high of $116.00. The firm’s 50-day simple moving average is $83.95 and its 200 day simple moving average is $91.62. The stock has a market cap of $4.38 billion, a PE ratio of -33.78 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Workiva from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday. BMO Capital Markets decreased their target price on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their target price on shares of Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.63.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of the company’s stock in a transaction dated 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.71% of the company’s stock.

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.