Workiva (WK) Scheduled to Post Quarterly Earnings on Wednesday

Workiva (NYSE:WK - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The business had revenue of $177.50 million for the quarter, compared to the consensus estimate of $175.22 million. During the same period last year, the firm posted ($0.36) EPS. The firm's quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts expect Workiva to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Workiva Stock Up 0.9 %

Shares of Workiva stock traded up $0.72 on Wednesday, hitting $80.56. 244,444 shares of the company traded hands, compared to its average volume of 368,371. Workiva has a 12-month low of $65.47 and a 12-month high of $105.00. The company has a market cap of $4.42 billion, a PE ratio of -46.81 and a beta of 1.05. The company has a 50-day moving average price of $77.79 and a 200 day moving average price of $76.86.

Insiders Place Their Bets

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.86% of the company's stock.

Analysts Set New Price Targets

WK has been the topic of several recent research reports. StockNews.com lowered shares of Workiva from a "buy" rating to a "hold" rating in a research report on Saturday, August 3rd. Northland Securities cut their price target on shares of Workiva from $106.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Workiva currently has an average rating of "Moderate Buy" and a consensus target price of $95.00.

About Workiva

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.