Zacks: Analysts Anticipate Workiva Inc (NYSE:WK) Will Post Earnings of -$0.12 Per Share

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Equities analysts expect Workiva Inc (NYSE:WK) to post earnings per share of ($0.12) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Workiva’s earnings, with estimates ranging from ($0.13) to ($0.12). Workiva also posted earnings of ($0.12) per share during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Wednesday, November 4th.

On average, analysts expect that Workiva will report full year earnings of ($0.25) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.24). For the next financial year, analysts expect that the company will post earnings of ($0.14) per share, with EPS estimates ranging from ($0.30) to $0.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Workiva.

Workiva (NYSE:WK) last announced its earnings results on Tuesday, August 4th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The firm had revenue of $83.86 million during the quarter, compared to analysts’ expectations of $80.59 million. Workiva had a negative return on equity of 79.60% and a negative net margin of 19.34%. Workiva’s revenue for the quarter was up 14.1% on a year-over-year basis.

A number of analysts have weighed in on the company. Morgan Stanley increased their price objective on Workiva from $30.00 to $48.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Stifel Nicolaus increased their price objective on Workiva from $68.00 to $75.00 in a research report on Wednesday, August 5th. Robert W. Baird set a $65.00 price objective on Workiva and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Zacks Investment Research cut Workiva from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Finally, Goldman Sachs Group increased their price objective on Workiva from $41.00 to $52.00 in a research report on Monday, June 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Workiva currently has a consensus rating of “Hold” and a consensus price target of $55.29.

In related news, EVP Mithun Banarjee sold 28,665 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $55.32, for a total value of $1,585,747.80. Also, Director Michael M. Crow sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $54.74, for a total value of $1,094,800.00. Following the completion of the transaction, the director now directly owns 24,889 shares of the company’s stock, valued at $1,362,423.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,665 shares of company stock valued at $3,233,548. Company insiders own 14.95% of the company’s stock.

A number of large investors have recently made changes to their positions in WK. FMR LLC acquired a new stake in Workiva during the 1st quarter valued at $2,535,000. Public Employees Retirement Association of Colorado grew its holdings in Workiva by 25.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 5,003 shares of the software maker’s stock valued at $162,000 after buying an additional 1,014 shares during the last quarter. SG Americas Securities LLC grew its holdings in Workiva by 371.5% during the 1st quarter. SG Americas Securities LLC now owns 14,059 shares of the software maker’s stock valued at $455,000 after buying an additional 11,077 shares during the last quarter. Arizona State Retirement System acquired a new stake in Workiva during the 1st quarter valued at $244,000. Finally, Rhumbline Advisers boosted its holdings in shares of Workiva by 0.5% during the first quarter. Rhumbline Advisers now owns 49,811 shares of the software maker’s stock worth $1,610,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 64.13% of the company’s stock.

Shares of NYSE WK traded down $1.08 during trading hours on Friday, reaching $55.15. The stock had a trading volume of 411,263 shares, compared to its average volume of 311,222. Workiva has a fifty-two week low of $22.01 and a fifty-two week high of $61.50. The firm has a 50-day moving average of $55.81 and a 200-day moving average of $45.09. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 4.49. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -41.78 and a beta of 1.24.

About Workiva

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.

Further Reading: Limitations of the P/E Growth ratio

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