Workiva (NYSE:WK) Updates Q4 2024 Earnings Guidance

Workiva (NYSE:WK) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.310-0.340 for the period, compared to the consensus estimate of 0.340. The company issued revenue guidance of $194.0 million-$196.0 million, compared to the consensus revenue estimate of $192.4 million. Workiva also updated its FY 2024 guidance to 0.930-0.960 EPS.

Analyst Ratings Changes

Several research firms have issued reports on WK. StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Robert W. Baird upped their price target on shares of Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday. Northland Securities reduced their price target on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets increased their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their price objective on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.20.

Workiva Trading Up 3.6 %

Shares of WK stock traded up $3.26 during trading hours on Friday, reaching $94.75. 806,193 shares of the company’s stock were exchanged, compared to its average volume of 375,192. The stock’s fifty day moving average price is $78.71 and its two-hundred day moving average price is $77.25. The stock has a market cap of $5.23 billion, a PE ratio of -102.99 and a beta of 1.05. Workiva has a 1 year low of $65.47 and a 1 year high of $105.00.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 6th. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The company had revenue of $185.62 million during the quarter, compared to analysts’ expectations of $182.50 million. On average, equities analysts expect that Workiva will post -0.86 EPS for the current fiscal year.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.86% of the stock is owned by corporate insiders.

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.