Workiva (NYSE:WK) Posts Earnings Results, Misses Estimates By $0.47 EPS

Workiva (NYSE:WK - Get Free Report) announced its quarterly earnings results on Tuesday. The software maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.47), Zacks reports. The firm had revenue of $199.89 million for the quarter, compared to analysts' expectations of $195.24 million. Workiva updated its FY 2025 guidance to 1.020-1.090 EPS and its Q1 2025 guidance to 0.070-0.070 EPS.

Workiva Stock Up 0.1 %

NYSE:WK traded up $0.07 on Friday, reaching $87.51. 1,166,818 shares of the company's stock were exchanged, compared to its average volume of 698,593. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -95.12 and a beta of 1.06. The business has a fifty day moving average of $101.95 and a 200-day moving average of $90.83. Workiva has a 52-week low of $65.47 and a 52-week high of $116.83.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Stifel Nicolaus lowered their price target on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday. Robert W. Baird boosted their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Raymond James upgraded shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $121.57.

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.