-$0.10 Earnings Per Share Expected for Workiva Inc (WK) This Quarter

Wall Street analysts expect that Workiva Inc (NYSE:WK) will report earnings of ($0.10) per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Workiva’s earnings. Workiva reported earnings per share of ($0.12) in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The company is expected to report its next earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Workiva will report full-year earnings of ($0.35) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.34). For the next financial year, analysts expect that the company will post earnings of ($0.14) per share, with EPS estimates ranging from ($0.29) to $0.06. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Workiva.

Workiva (NYSE:WK) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The business had revenue of $69.96 million for the quarter, compared to analyst estimates of $69.11 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The business’s quarterly revenue was up 16.8% on a year-over-year basis.

WK has been the topic of several research reports. Zacks Investment Research downgraded shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. SunTrust Banks upped their price objective on shares of Workiva to $58.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $44.17.

WK traded down $1.79 during trading on Thursday, hitting $53.47. 253,716 shares of the company’s stock were exchanged, compared to its average volume of 365,570. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 9.78. Workiva has a fifty-two week low of $23.95 and a fifty-two week high of $56.08. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -57.49 and a beta of 1.12.

In other news, VP Jeff D. Trom sold 20,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $48.89, for a total value of $977,800.00. Following the completion of the sale, the vice president now owns 301,747 shares in the company, valued at $14,752,410.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Martin J. Vanderploeg sold 25,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $49.57, for a total transaction of $1,239,250.00. Following the completion of the sale, the chief executive officer now owns 314,918 shares of the company’s stock, valued at approximately $15,610,485.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 256,585 shares of company stock worth $13,122,305. Corporate insiders own 18.46% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its position in Workiva by 238.1% during the fourth quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock valued at $26,000 after buying an additional 500 shares during the period. Macquarie Group Ltd. grew its position in Workiva by 57.1% during the fourth quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock valued at $39,000 after buying an additional 400 shares during the period. NumerixS Investment Technologies Inc bought a new position in Workiva during the first quarter valued at about $58,000. Coastal Investment Advisors Inc. bought a new position in Workiva during the first quarter valued at about $64,000. Finally, Meeder Asset Management Inc. bought a new position in Workiva during the fourth quarter valued at about $67,000. Institutional investors own 48.98% 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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