Workiva (WK) Releases FY 2019 Earnings Guidance

Workiva (NYSE:WK) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.39–0.34 for the period, compared to the Thomson Reuters consensus estimate of $-0.3. The company issued revenue guidance of $282.5-284.5 million, compared to the consensus revenue estimate of $279.05 million.Workiva also updated its FY19 guidance to ($0.39)-($0.34) EPS.

Shares of NYSE:WK traded up $3.59 during midday trading on Thursday, hitting $47.83. The stock had a trading volume of 965,733 shares, compared to its average volume of 274,403. The stock has a market capitalization of $2.04 billion, a PE ratio of -44.70 and a beta of 1.08. Workiva has a fifty-two week low of $20.50 and a fifty-two week high of $44.72.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, February 20th. The software maker reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.09. The firm had revenue of $64.40 million during the quarter, compared to analyst estimates of $62.70 million. Workiva’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, sell-side analysts forecast that Workiva will post -1.03 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Workiva from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Saturday, November 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $38.67.

In other Workiva news, VP J Stuart Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Martin J. Vanderploeg sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $42.88, for a total transaction of $1,072,000.00. Following 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. Insiders have sold a total of 172,798 shares of company stock worth $6,408,873 over the last three months. Insiders own 29.94% of the company’s stock.

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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.

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