Analysts Expect Workiva Inc (WK) to Post -$0.10 Earnings Per Share

Equities analysts predict that Workiva Inc (NYSE:WK) will announce earnings of ($0.10) per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Workiva’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.11). Workiva posted earnings per share of ($0.19) in the same quarter last year, which indicates a positive year over year growth rate of 47.4%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, February 20th.

On average, 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 fiscal year, analysts forecast that the company will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.37) to ($0.19). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Workiva.

A number of equities research analysts have weighed in on WK shares. Zacks Investment Research lowered shares of Workiva from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Morgan Stanley reduced their price objective on shares of Workiva from $28.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.67.

In other news, Director Eugene S. Katz sold 29,800 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $36.13, for a total value of $1,076,674.00. Following the sale, the director now directly owns 30,995 shares of the company’s stock, valued at approximately $1,119,849.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Martin J. Vanderploeg sold 25,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $42.88, for a total transaction of $1,072,000.00. Following the completion of the sale, the chief executive officer now directly owns 314,918 shares in the company, valued at $13,503,683.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,798 shares of company stock worth $6,408,873. Insiders own 29.94% of the company’s stock.

Several large investors have recently bought and sold shares of WK. Advisor Group Inc. lifted its position in shares of Workiva by 238.1% during the 4th quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock valued at $26,000 after acquiring an additional 500 shares during the period. Macquarie Group Ltd. lifted its position in shares of Workiva by 57.1% during the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after acquiring an additional 400 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Workiva during the 4th quarter valued at $67,000. We Are One Seven LLC acquired a new position in shares of Workiva during the 4th quarter valued at $125,000. Finally, Legal & General Group Plc lifted its position in shares of Workiva by 14.9% during the 3rd quarter. Legal & General Group Plc now owns 4,718 shares of the software maker’s stock valued at $186,000 after acquiring an additional 611 shares during the period. 43.58% of the stock is currently owned by institutional investors.

WK traded up $0.46 during trading on Wednesday, reaching $44.24. 441,277 shares of the company’s stock were exchanged, compared to its average volume of 260,846. Workiva has a one year low of $20.50 and a one year high of $44.72. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -41.35 and a beta of 1.08.

About Workiva

Workiva Inc operates as a cloud provider of connected data, reporting, and compliance solutions for enterprises and government agencies worldwide. The company provides Wdesk, a cloud platform that modernizes how customers work with business data at thousands of organizations; and Wdata, which centralizes financial and nonfinancial data from diverse sources into a cloud solution.

Further Reading: Can systematic risk be avoided?

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.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit