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.
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.
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.
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