Wall Street brokerages forecast that Workiva Inc. (NYSE:WK) will post earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Workiva’s earnings, with estimates ranging from ($0.07) to ($0.05). Workiva posted earnings per share of $0.09 in the same quarter last year, which would suggest a negative year over year growth rate of 166.7%. The firm is scheduled to issue its next earnings results on Wednesday, February 16th.
According to Zacks, analysts expect that Workiva will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.31. For the next year, analysts anticipate that the business will post earnings of ($0.23) per share, with EPS estimates ranging from ($0.34) to ($0.14). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Workiva.
Workiva (NYSE:WK) last released its quarterly earnings results on Wednesday, November 3rd. The software maker reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.27. Workiva had a negative net margin of 7.55% and a negative return on equity of 31.90%. The business had revenue of $112.69 million for the quarter, compared to analysts’ expectations of $108.52 million.
In related news, CEO Martin J. Vanderploeg sold 600,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $151.00, for a total value of $90,600,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Martin J. Vanderploeg sold 17,500 shares of the firm’s stock in a transaction on Monday, September 20th. The shares were sold at an average price of $145.74, for a total transaction of $2,550,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,041,000 shares of company stock worth $157,151,175. 12.25% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of Workiva during the second quarter valued at approximately $37,000. Rockefeller Capital Management L.P. increased its position in Workiva by 3,381.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 383 shares of the software maker’s stock valued at $53,000 after purchasing an additional 372 shares during the period. Advisors Asset Management Inc. bought a new position in Workiva in the 2nd quarter worth $43,000. Dark Forest Capital Management LP purchased a new stake in shares of Workiva in the 2nd quarter worth about $67,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Workiva during the 3rd quarter valued at about $97,000. 78.93% of the stock is owned by hedge funds and other institutional investors.
Workiva stock traded down $1.04 during trading hours on Friday, reaching $134.14. 272,617 shares of the company’s stock traded hands, compared to its average volume of 429,028. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of -212.92 and a beta of 1.45. The firm’s 50 day moving average is $143.48 and its 200-day moving average is $132.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.02. Workiva has a fifty-two week low of $77.84 and a fifty-two week high of $173.24.
Workiva Company Profile
Workiva, Inc engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process and people. Its platform, Wdesk, offers controlled collaboration, data linking, data integrations, granular permissions, process management and a full audit trail.