Zacks: Brokerages Expect Workiva Inc (WK) to Post -$0.10 EPS
Wall Street brokerages predict that Workiva Inc (NYSE:WK) will announce ($0.10) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Workiva’s earnings. Workiva posted earnings of ($0.12) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The business is expected to announce its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Workiva will report full year earnings of ($0.35) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.34). For the next year, analysts expect that the firm will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.29) to $0.06. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Workiva.
Workiva (NYSE:WK) last posted its earnings results on Wednesday, May 1st. The software maker reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $69.96 million during the quarter, compared to the consensus estimate of $69.11 million. During the same period last year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis.
In other news, VP Jeff D. Trom sold 20,000 shares of Workiva stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $44.16, for a total transaction of $883,200.00. Following the transaction, the vice president now owns 315,683 shares in the company, valued at approximately $13,940,561.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott G. Ryan sold 25,000 shares of Workiva stock in a transaction on Monday, February 25th. The stock was sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the transaction, the executive vice president now owns 242,944 shares in the company, valued at approximately $11,743,912.96. The disclosure for this sale can be found here. Insiders have sold a total of 190,000 shares of company stock worth $9,408,900 in the last quarter. Corporate insiders own 18.46% of the company’s stock.
Several institutional investors have recently modified their holdings of WK. FMR LLC purchased a new position in shares of Workiva during the 1st quarter valued at $2,535,000. Coastal Investment Advisors Inc. purchased a new position in shares of Workiva during the 1st quarter valued at $64,000. SEI Investments Co lifted its stake in shares of Workiva by 10.7% during the 1st quarter. SEI Investments Co now owns 22,614 shares of the software maker’s stock valued at $1,142,000 after buying an additional 2,184 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Workiva by 90.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 261,804 shares of the software maker’s stock valued at $13,274,000 after buying an additional 124,335 shares in the last quarter. Finally, Oxford Asset Management LLP lifted its stake in shares of Workiva by 108.3% during the 1st quarter. Oxford Asset Management LLP now owns 54,744 shares of the software maker’s stock valued at $2,776,000 after buying an additional 28,467 shares in the last quarter. Institutional investors and hedge funds own 48.29% of the company’s stock.
NYSE:WK traded down $0.45 during trading hours on Thursday, reaching $54.26. The company had a trading volume of 266,179 shares, compared to its average volume of 323,981. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 9.78. Workiva has a 52 week low of $23.95 and a 52 week high of $56.08. The company has a market cap of $2.45 billion, a PE ratio of -58.34 and a beta of 1.12.
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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