Brokerages predict that Workiva Inc (NYSE:WK) will post earnings of ($0.19) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Workiva’s earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.19). Workiva posted earnings of ($0.04) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 375%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.
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 fiscal year, analysts anticipate that the company will post 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 analysts that that provide coverage for Workiva.
Workiva (NYSE:WK) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported ($0.34) earnings per share for the quarter, beating 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. During the same quarter in the previous year, the firm posted ($0.09) EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year.
Shares of WK stock opened at $24.45 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -1.09. Workiva has a fifty-two week low of $16.00 and a fifty-two week high of $26.75.
In other news, major shareholder Jerome M. Behar sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $25.72, for a total transaction of $797,320.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Eugene S. Katz sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $22.83, for a total value of $136,980.00. Following the transaction, the director now directly owns 124,836 shares in the company, valued at $2,850,005.88. The disclosure for this sale can be found here. Insiders have sold 257,923 shares of company stock worth $6,141,505 over the last three months. Insiders own 33.29% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC grew its stake in Workiva by 16.6% in the fourth quarter. Frontier Capital Management Co. LLC now owns 470,151 shares of the software maker’s stock worth $10,061,000 after purchasing an additional 66,950 shares during the period. Bank of New York Mellon Corp grew its stake in Workiva by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 101,597 shares of the software maker’s stock worth $2,118,000 after purchasing an additional 5,033 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Workiva by 12.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 113,579 shares of the software maker’s stock worth $2,431,000 after purchasing an additional 12,886 shares during the period. The Manufacturers Life Insurance Company grew its stake in Workiva by 7.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 158,681 shares of the software maker’s stock worth $3,396,000 after purchasing an additional 10,640 shares during the period. Finally, Citadel Advisors LLC grew its stake in Workiva by 89.5% in the fourth quarter. Citadel Advisors LLC now owns 49,333 shares of the software maker’s stock worth $1,056,000 after purchasing an additional 23,304 shares during the period. 40.35% of the stock is currently owned by hedge funds and other institutional investors.
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Workiva Company Profile
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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