Workiva (NYSE:WK) Updates Q4 2024 Earnings Guidance

Workiva (NYSE:WK) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.310-0.340 for the period, compared to the consensus earnings per share estimate of 0.340. The company issued revenue guidance of $194.0 million-$196.0 million, compared to the consensus revenue estimate of $192.4 million. Workiva also updated its FY 2024 guidance to 0.930-0.960 EPS.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets increased their price objective on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus raised their price objective on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research note on Thursday. Northland Securities reduced their price objective on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.20.

Workiva Stock Up 3.6 %

WK traded up $3.26 during trading hours on Friday, hitting $94.75. The stock had a trading volume of 806,193 shares, compared to its average volume of 375,192. Workiva has a 1 year low of $65.47 and a 1 year high of $105.00. The company’s fifty day simple moving average is $78.71 and its 200 day simple moving average is $77.25. The stock has a market cap of $5.23 billion, a PE ratio of -102.99 and a beta of 1.05.

Workiva (NYSE:WK) last issued its earnings results on Wednesday, November 6th. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The business had revenue of $185.62 million for the quarter, compared to analysts’ expectations of $182.50 million. As a group, equities analysts expect that Workiva will post -0.86 EPS for the current year.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.86% of the stock is owned by company insiders.

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.