Analysts expect Workiva Inc (NYSE:WK) to post sales of $57.63 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Workiva’s earnings, with estimates ranging from $57.36 million to $57.80 million. Workiva reported sales of $51.90 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Workiva will report full-year sales of $235.24 million for the current year, with estimates ranging from $235.00 million to $235.80 million. For the next year, analysts expect that the business will post sales of $267.01 million per share, with estimates ranging from $263.66 million to $268.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Workiva.

How to Become a New Pot Stock Millionaire

Workiva (NYSE:WK) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. The firm had revenue of $54.51 million for the quarter, compared to the consensus estimate of $53.28 million. During the same period in the previous year, the company posted ($0.09) earnings per share. Workiva’s quarterly revenue was up 17.5% on a year-over-year basis.

A number of equities analysts recently commented on WK shares. ValuEngine raised Workiva from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. SunTrust Banks reissued a “buy” rating and set a $28.00 price target on shares of Workiva in a research note on Friday, February 23rd. Northland Securities reissued a “buy” rating and set a $27.00 price target on shares of Workiva in a research note on Friday, February 23rd. Stifel Nicolaus increased their price target on Workiva from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research raised Workiva from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.86.

In other news, major shareholder Jerome M. Behar sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $24.44, for a total value of $1,833,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugene S. Katz sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $22.83, for a total value of $136,980.00. Following the completion of the sale, the director now directly owns 124,836 shares of the company’s stock, valued at $2,850,005.88. The disclosure for this sale can be found here. Insiders sold a total of 257,923 shares of company stock valued at $6,141,505 over the last ninety days. Corporate insiders own 33.29% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. AMP Capital Investors Ltd purchased a new stake in shares of Workiva in the fourth quarter worth approximately $203,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Workiva in the fourth quarter worth approximately $219,000. GSA Capital Partners LLP purchased a new stake in shares of Workiva in the third quarter worth approximately $224,000. MetLife Investment Advisors LLC purchased a new stake in shares of Workiva in the fourth quarter worth approximately $240,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Workiva in the third quarter worth approximately $294,000. Hedge funds and other institutional investors own 40.35% of the company’s stock.

Shares of Workiva stock opened at $24.45 on Friday. Workiva has a 12 month low of $16.00 and a 12 month high of $26.75. The company has a debt-to-equity ratio of -1.09, a current ratio of 0.89 and a quick ratio of 0.89.

TRADEMARK VIOLATION WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2018/04/17/57-63-million-in-sales-expected-for-workiva-inc-wk-this-quarter-2.html.

Workiva Company Profile

Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.

Get a free copy of the Zacks research report on Workiva (WK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Workiva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workiva and related companies with MarketBeat.com's FREE daily email newsletter.