Wall Street analysts expect that Workiva Inc (NYSE:WK) will announce ($0.16) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Workiva’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.16). The company is expected to announce its next quarterly earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Workiva will report full-year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.29) to ($0.26). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.33) per share, with EPS estimates ranging from ($0.46) to ($0.05). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Workiva.

Workiva (NYSE:WK) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.24. The company had revenue of $74.18 million for the quarter, compared to analysts’ expectations of $72.32 million. Workiva had a negative net margin of 14.02% and a negative return on equity of 208.31%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Workiva from a “hold” rating to a “buy” rating in a research report on Friday. SunTrust Banks lifted their target price on shares of Workiva to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley dropped their target price on shares of Workiva from $46.00 to $42.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 16th. Goldman Sachs Group assumed coverage on shares of Workiva in a research report on Monday, November 11th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, Zacks Investment Research raised shares of Workiva from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Workiva currently has a consensus rating of “Hold” and an average price target of $56.20.

Several institutional investors have recently added to or reduced their stakes in WK. Vanguard Group Inc. grew its position in Workiva by 22.1% during the second quarter. Vanguard Group Inc. now owns 3,519,224 shares of the software maker’s stock valued at $204,432,000 after purchasing an additional 637,742 shares in the last quarter. BlackRock Inc. grew its position in Workiva by 15.1% during the second quarter. BlackRock Inc. now owns 2,670,615 shares of the software maker’s stock valued at $155,135,000 after purchasing an additional 349,527 shares in the last quarter. Renaissance Technologies LLC grew its position in Workiva by 8.1% during the second quarter. Renaissance Technologies LLC now owns 1,767,400 shares of the software maker’s stock valued at $102,668,000 after purchasing an additional 132,998 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Workiva during the second quarter valued at approximately $32,808,000. Finally, Northern Trust Corp grew its position in Workiva by 2.1% during the second quarter. Northern Trust Corp now owns 461,842 shares of the software maker’s stock valued at $26,828,000 after purchasing an additional 9,429 shares in the last quarter. 56.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of WK traded up $1.51 during mid-day trading on Thursday, hitting $42.25. The company’s stock had a trading volume of 345,898 shares, compared to its average volume of 283,611. The firm has a 50-day moving average price of $42.22 and a 200 day moving average price of $50.98. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -45.43 and a beta of 0.99. The company has a debt-to-equity ratio of 4.48, a current ratio of 2.63 and a quick ratio of 2.63. Workiva has a fifty-two week low of $31.83 and a fifty-two week 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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