Wall Street analysts forecast that Workiva Inc (NYSE:WK) will announce ($0.17) earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Workiva’s earnings. The highest EPS estimate is ($0.16) and the lowest is ($0.18). Workiva reported earnings of ($0.09) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 88.9%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Workiva will report full year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.31) to ($0.27). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.28) to $0.13. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Workiva.

Workiva (NYSE:WK) last released its earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.08). The business had revenue of $73.48 million for the quarter, compared to the consensus estimate of $68.96 million. During the same quarter in the previous year, the business posted ($0.12) EPS. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year.

Several analysts have recently issued reports on WK shares. ValuEngine cut Workiva from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Zacks Investment Research lowered Workiva from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, SunTrust Banks boosted their target price on Workiva to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.83.

Shares of NYSE:WK traded down $2.14 during trading on Friday, hitting $43.25. The company’s stock had a trading volume of 63,591 shares, compared to its average volume of 704,590. Workiva has a fifty-two week low of $31.65 and a fifty-two week high of $64.11. The business has a 50 day moving average price of $53.15 and a two-hundred day moving average price of $53.26. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $2.10 billion, a PE ratio of -46.51 and a beta of 1.02.

In other news, VP Jeff D. Trom sold 20,000 shares of Workiva stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $57.90, for a total transaction of $1,158,000.00. Following the completion of the sale, the vice president now directly owns 235,582 shares of the company’s stock, valued at approximately $13,640,197.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martin J. Vanderploeg sold 25,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $62.14, for a total transaction of $1,553,500.00. Following the transaction, the chief executive officer now owns 314,918 shares of the company’s stock, valued at approximately $19,569,004.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,207,038 shares of company stock worth $68,218,888. 18.46% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in Workiva by 1.6% during the first quarter. US Bancorp DE now owns 13,119 shares of the software maker’s stock worth $665,000 after purchasing an additional 205 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Workiva by 3.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,606 shares of the software maker’s stock worth $499,000 after buying an additional 300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Workiva by 21.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,874 shares of the software maker’s stock worth $109,000 after buying an additional 335 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Workiva by 541.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock worth $27,000 after buying an additional 390 shares during the period. Finally, Oak Associates Ltd. OH increased its stake in shares of Workiva by 4.2% in the 1st quarter. Oak Associates Ltd. OH now owns 10,970 shares of the software maker’s stock valued at $556,000 after acquiring an additional 440 shares in the last quarter. Institutional investors own 56.21% 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.

Further Reading: Example of operating income, EBIT and EBITDA

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