Zacks: Analysts Expect Workiva Inc (WK) to Announce -$0.19 EPS

Equities research analysts expect Workiva Inc (NYSE:WK) to announce earnings of ($0.19) per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Workiva’s earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.19). Workiva reported earnings per share of ($0.04) during the same quarter last year, which indicates a negative year-over-year growth rate of 375%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Workiva will report full year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.80) to ($0.77). For the next financial year, analysts anticipate that the business will report earnings of ($0.51) per share, with EPS estimates ranging from ($0.69) to ($0.35). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Workiva.

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Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported ($0.34) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.03. The company had revenue of $54.51 million during the quarter, compared to the consensus estimate of $53.28 million. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) earnings per share.

Several research analysts recently weighed in on WK shares. TheStreet upgraded shares of Workiva from a “d” rating to a “c-” rating in a research report on Wednesday, December 13th. Zacks Investment Research upgraded Workiva from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. ValuEngine upgraded Workiva from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup cut Workiva to a “market perform” rating in a report on Friday, February 23rd. Finally, Raymond James Financial cut Workiva from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Workiva has a consensus rating of “Hold” and a consensus price target of $23.86.

In related news, Director Eugene S. Katz sold 6,000 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $22.83, for a total transaction of $136,980.00. Following the completion of the sale, the director now directly owns 124,836 shares in the company, valued at approximately $2,850,005.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jerome M. Behar sold 75,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $24.44, for a total value of $1,833,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 257,923 shares of company stock valued at $6,141,505 over the last 90 days. 33.29% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in WK. AMP Capital Investors Ltd purchased a new stake in Workiva in the fourth quarter valued at about $203,000. Stone Ridge Asset Management LLC purchased a new stake in Workiva in the fourth quarter valued at about $219,000. GSA Capital Partners LLP purchased a new stake in Workiva in the third quarter valued at about $224,000. MetLife Investment Advisors LLC purchased a new stake in Workiva in the fourth quarter valued at about $240,000. Finally, Russell Investments Group Ltd. purchased a new stake in Workiva in the third quarter valued at about $294,000. Institutional investors own 37.25% of the company’s stock.

Shares of WK stock traded up $0.60 during trading on Tuesday, hitting $23.70. The company had a trading volume of 121,442 shares, compared to its average volume of 241,454. The company has a debt-to-equity ratio of -1.09, a quick ratio of 0.89 and a current ratio of 0.89. Workiva has a 52 week low of $15.35 and a 52 week high of $26.75.

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About Workiva

Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.

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