Workiva (NYSE:WK) Releases Q2 2024 Earnings Guidance

Workiva (NYSE:WK) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.160-0.190 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $174.0 million-$176.0 million, compared to the consensus revenue estimate of $177.2 million. Workiva also updated its FY 2024 guidance to 0.960-1.030 EPS.

Workiva Trading Up 1.1 %

WK stock traded up $0.93 on Monday, hitting $82.61. The company had a trading volume of 25,322 shares, compared to its average volume of 373,724. The stock’s 50-day simple moving average is $82.33 and its 200 day simple moving average is $90.52. Workiva has a 12-month low of $76.63 and a 12-month high of $116.00.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. The firm had revenue of $166.65 million for the quarter, compared to the consensus estimate of $164.44 million. Research analysts expect that Workiva will post -0.84 earnings per share for the current year.

Analyst Ratings Changes

WK has been the topic of several analyst reports. Stifel Nicolaus cut their target price on Workiva from $92.00 to $85.00 and set a hold rating on the stock in a research report on Wednesday, February 21st. Citigroup reduced their price target on 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 reduced their target price on Workiva from $123.00 to $113.00 and set an outperform rating on the stock in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Workiva has an average rating of Moderate Buy and a consensus price target of $111.86.

Workiva Company Profile

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.