Workiva (NYSE:WK) issued its quarterly earnings results on Tuesday. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.08), reports. The business had revenue of $73.48 million for the quarter, compared to analysts’ expectations of $68.96 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The company’s revenue was up 24.3% on a year-over-year basis.
Shares of WK traded down $0.80 during midday trading on Tuesday, reaching $55.21. The stock had a trading volume of 367,600 shares, compared to its average volume of 327,484. The company’s 50 day simple moving average is $58.37. Workiva has a one year low of $25.30 and a one year high of $61.76. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -59.37 and a beta of 0.96. The company has a debt-to-equity ratio of 9.78, a quick ratio of 0.98 and a current ratio of 0.98.
Several equities research analysts have issued reports on the stock. SunTrust Banks lifted their price target on shares of Workiva to $58.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded shares of Workiva from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Friday, July 5th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. Workiva presently has an average rating of “Buy” and a consensus target price of $45.67.
Workiva Company Profile
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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