Wall Street analysts expect Workiva Inc (NYSE:WK) to post sales of $72.32 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Workiva’s earnings, with the lowest sales estimate coming in at $72.02 million and the highest estimate coming in at $72.50 million. Workiva reported sales of $60.87 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.8%. The firm is scheduled to issue its next earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that Workiva will report full-year sales of $290.79 million for the current year, with estimates ranging from $290.51 million to $291.00 million. For the next year, analysts forecast that the business will post sales of $338.19 million, with estimates ranging from $332.54 million to $342.98 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Workiva.
Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The firm had revenue of $73.48 million during the quarter, compared to analysts’ expectations of $68.96 million. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) EPS.
In other news, CEO Martin J. Vanderploeg sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $60.80, for a total value of $1,520,000.00. Following the transaction, the chief executive officer now owns 314,918 shares in the company, valued at $19,147,014.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeff D. Trom sold 20,000 shares of Workiva 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 transaction, the vice president now directly owns 235,582 shares in the company, valued at $13,640,197.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,207,038 shares of company stock worth $68,218,888. Company insiders own 18.46% of the company’s stock.
A number of large investors have recently bought and sold shares of WK. Jacobs Levy Equity Management Inc. raised its stake in shares of Workiva by 36.8% during the first 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 increased 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 purchasing an additional 335 shares during the period. Stephens Inc. AR raised 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 valued at $1,246,000 after purchasing an additional 480 shares during the last quarter. Sigma Planning Corp bought a new position in Workiva during the 1st quarter valued at approximately $302,000. Finally, Arabesque Asset Management Ltd lifted its holdings in Workiva by 306.6% in the 1st quarter. Arabesque Asset Management Ltd now owns 59,777 shares of the software maker’s stock worth $3,031,000 after buying an additional 45,077 shares during the period. Institutional investors own 56.21% of the company’s stock.
NYSE:WK traded down $1.99 during mid-day trading on Friday, reaching $43.40. The stock had a trading volume of 50,540 shares, compared to its average volume of 704,590. The stock has a market capitalization of $2.10 billion, a P/E ratio of -46.74 and a beta of 1.02. The firm 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. Workiva has a one year low of $31.65 and a one year high of $64.11.
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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