Workiva (NYSE:WK) Updates Q4 2024 Earnings Guidance

Workiva (NYSE:WK) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.310-0.340 for the period, compared to the consensus estimate of 0.340. The company issued revenue guidance of $194.0 million-$196.0 million, compared to the consensus revenue estimate of $192.4 million. Workiva also updated its FY 2024 guidance to 0.930-0.960 EPS.

Analysts Set New Price Targets

WK has been the topic of several recent research reports. BMO Capital Markets boosted their target price on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus upped their target price on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a report on Thursday. Robert W. Baird raised their target price on Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday. Northland Securities lowered their price target on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Workiva has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Workiva Trading Up 3.6 %

WK traded up $3.26 during trading hours on Friday, hitting $94.75. 806,193 shares of the company’s stock were exchanged, compared to its average volume of 375,192. The firm has a market cap of $5.23 billion, a P/E ratio of -102.99 and a beta of 1.05. Workiva has a 12-month low of $65.47 and a 12-month high of $105.00. The firm has a 50 day moving average of $78.71 and a 200 day moving average of $77.25.

Workiva (NYSE:WK) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The firm had revenue of $185.62 million during the quarter, compared to analyst estimates of $182.50 million. As a group, research analysts expect that Workiva will post -0.86 EPS for the current fiscal year.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.86% of the stock is owned by corporate insiders.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.