Workiva (WK) Set to Announce Earnings on Thursday

Workiva (NYSE:WK) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Workiva to post earnings of $0.17 per share for the quarter. Individual interested in participating in the company’s earnings 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 company had revenue of $166.65 million during the quarter, compared to analysts’ expectations 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 WK opened at $78.80 on Wednesday. Workiva has a one year low of $76.63 and a one year high of $116.00. The company has a 50-day simple moving average of $82.91 and a two-hundred day simple moving average of $91.05. The firm has a market capitalization of $4.31 billion, a PE ratio of -33.25 and a beta of 1.03.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 11,439 shares of Workiva stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $93.62, for a total value of $1,070,919.18. Following the transaction, the executive vice president now directly owns 62,453 shares in the company, valued at approximately $5,846,849.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target 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. Citigroup cut 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, April 23rd. Finally, BMO Capital Markets cut their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.