Brokerages Expect Workiva Inc (NYSE:WK) Will Announce Quarterly Sales of $72.32 Million
Wall Street analysts expect Workiva Inc (NYSE:WK) to announce $72.32 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Workiva’s earnings, with the highest sales estimate coming in at $72.50 million and the lowest estimate coming in at $72.02 million. Workiva posted sales of $60.87 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.8%. The company is scheduled to issue its next earnings results on Wednesday, November 6th.
On average, analysts expect that Workiva will report full year sales of $290.79 million for the current fiscal year, with estimates ranging from $290.51 million to $291.00 million. For the next financial year, analysts anticipate that the business will report sales of $338.19 million, with estimates ranging from $332.54 million to $342.98 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Workiva.
Workiva (NYSE:WK) last announced its earnings results on Tuesday, August 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.08). The business had revenue of $73.48 million for the quarter, compared to analyst estimates of $68.96 million. During the same period in the previous year, the firm posted ($0.12) EPS. Workiva’s revenue was up 24.3% compared to the same quarter last year.
Shares of NYSE:WK traded down $1.99 during trading on Friday, reaching $43.40. The company had a trading volume of 50,540 shares, compared to its average volume of 704,590. The company has a fifty day moving average of $53.15 and a two-hundred day moving average of $53.26. The stock has a market capitalization of $2.10 billion, a P/E ratio of -46.74 and a beta of 1.02. Workiva has a 12 month low of $31.65 and a 12 month high of $64.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.80.
In related news, major shareholder Jeff D. Trom sold 450,000 shares of Workiva stock in a transaction on Friday, August 16th. The shares were sold at an average price of $56.25, for a total value of $25,312,500.00. Following the transaction, the insider now owns 234,775 shares in the company, valued at approximately $13,206,093.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jeff D. Trom sold 20,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was 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 $13,640,197.80. The disclosure for this sale can be found here. Insiders sold a total of 1,207,038 shares of company stock valued at $68,218,888 in the last 90 days. 18.46% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of Workiva by 36.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 281,597 shares of the software maker’s stock valued at $14,277,000 after acquiring an additional 75,790 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Workiva by 21.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,874 shares of the software maker’s stock valued at $109,000 after acquiring an additional 335 shares during the period. Stephens Inc. AR grew its position in Workiva by 2.3% during the 2nd quarter. Stephens Inc. AR now owns 21,448 shares of the software maker’s stock worth $1,246,000 after acquiring an additional 480 shares during the last quarter. Sigma Planning Corp bought a new position in Workiva during the 1st quarter worth approximately $302,000. Finally, Arabesque Asset Management Ltd grew its position in Workiva by 306.6% during the 1st quarter. Arabesque Asset Management Ltd now owns 59,777 shares of the software maker’s stock worth $3,031,000 after acquiring an additional 45,077 shares during the last quarter. 56.21% of the stock is currently owned by hedge funds and other institutional investors.
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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