Workiva (NYSE:WK) Updates Q4 Earnings Guidance

Workiva (NYSE:WK) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.16-0.15) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.13). The company issued revenue guidance of $75.3-75.8 million, compared to the consensus revenue estimate of $74.95 million.

WK opened at $40.64 on Friday. Workiva has a 52-week low of $31.83 and a 52-week high of $64.11. The firm has a market capitalization of $1.90 billion, a PE ratio of -43.70 and a beta of 0.99. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $42.64 and its 200 day simple moving average is $51.27.

Workiva (NYSE:WK) last released its earnings results on Wednesday, November 6th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.24. The company had revenue of $74.18 million for the quarter, compared to the consensus estimate of $72.32 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The business’s revenue was up 21.9% on a year-over-year basis. On average, research analysts forecast that Workiva will post -1.03 earnings per share for the current year.

Several analysts recently issued reports on WK shares. Zacks Investment Research lowered Workiva from a hold rating to a sell rating in a report on Sunday, November 3rd. Northland Securities reiterated a buy rating and set a $62.00 target price on shares of Workiva in a report on Thursday. SunTrust Banks upped their target price on Workiva to $65.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Morgan Stanley dropped their target price on Workiva from $46.00 to $42.00 and set an underweight rating on the stock in a report on Wednesday, October 16th. Finally, ValuEngine upgraded Workiva from a hold rating to a buy rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $58.75.

In other Workiva news, CEO Martin J. Vanderploeg sold 575,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $56.25, for a total value of $32,343,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Martin J. Vanderploeg sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $62.14, for a total value of $1,553,500.00. Following the completion of the sale, the chief executive officer now owns 314,918 shares in the company, valued at approximately $19,569,004.52. The disclosure for this sale can be found here. Insiders sold 1,142,038 shares of company stock worth $64,386,888 in the last 90 days. Corporate insiders own 18.46% of the company’s stock.

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.

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