Zacks: Analysts Expect Workiva Inc (WK) Will Post Earnings of -$0.10 Per Share
Equities research analysts expect Workiva Inc (NYSE:WK) to post earnings of ($0.10) per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Workiva’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.10). Workiva posted earnings of ($0.19) per share in the same quarter last year, which suggests a positive year over year growth rate of 47.4%. The firm is expected to announce its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Workiva will report full-year earnings of ($0.40) per share for the current fiscal year, with EPS estimates ranging from ($0.41) to ($0.40). For the next financial year, analysts anticipate that the company will report earnings of ($0.30) per share, with EPS estimates ranging from ($0.37) to ($0.19). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Workiva.
Workiva (NYSE:WK) last posted its earnings results on Wednesday, November 7th. The software maker reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.11. The company had revenue of $60.87 million for the quarter, compared to the consensus estimate of $59.84 million. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS.
In related news, CAO Jill Klindt sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $35.11, for a total value of $122,885.00. Following the sale, the chief accounting officer now owns 34,354 shares of the company’s stock, valued at $1,206,168.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael M. Crow sold 5,000 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $36.77, for a total transaction of $183,850.00. The disclosure for this sale can be found here. In the last three months, insiders sold 33,700 shares of company stock worth $1,209,641. 29.94% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of Workiva by 6.4% in the third quarter. Morgan Stanley now owns 711,783 shares of the software maker’s stock worth $28,115,000 after purchasing an additional 42,766 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Workiva by 30.3% in the third quarter. TIAA CREF Investment Management LLC now owns 257,216 shares of the software maker’s stock worth $10,160,000 after purchasing an additional 59,810 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Workiva by 19.3% in the third quarter. Teachers Advisors LLC now owns 126,112 shares of the software maker’s stock worth $4,981,000 after purchasing an additional 20,368 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Workiva by 150.6% in the third quarter. AQR Capital Management LLC now owns 43,850 shares of the software maker’s stock worth $1,732,000 after purchasing an additional 26,354 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of Workiva by 61.3% in the third quarter. MetLife Investment Advisors LLC now owns 18,076 shares of the software maker’s stock worth $714,000 after purchasing an additional 6,870 shares during the last quarter. 46.26% of the stock is currently owned by institutional investors.
Shares of NYSE WK traded down $0.44 during midday trading on Tuesday, reaching $34.20. 290,300 shares of the company were exchanged, compared to its average volume of 223,057. The stock has a market cap of $1.59 billion, a PE ratio of -31.96 and a beta of 1.04. Workiva has a one year low of $20.50 and a one year high of $40.84.
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.
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