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.

A number of research firms have weighed in on WK. SunTrust Banks boosted their target price on shares of Workiva to $39.00 and gave the stock a “positive” rating in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Stifel Nicolaus boosted their target price on shares of Workiva from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. Morgan Stanley cut shares of Workiva from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $20.00 to $28.00 in a research note on Tuesday, September 18th. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Saturday. Finally, Robert W. Baird raised shares of Workiva from a “neutral” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Tuesday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $39.00.

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.

About Workiva

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.

Featured Story: How are the companies in the S&P 500 selected?

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

Earnings History and Estimates for Workiva (NYSE:WK)

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.