Workiva (NYSE:WK) announced its quarterly earnings data on Tuesday. The software maker reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05, MarketWatch Earnings reports. The business had revenue of $104.20 million during the quarter, compared to analyst estimates of $100.43 million. Workiva had a negative return on equity of 79.60% and a negative net margin of 19.34%. The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share.
Workiva stock traded down $2.65 during mid-day trading on Tuesday, hitting $88.31. 338,472 shares of the stock were exchanged, compared to its average volume of 399,662. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 4.21. Workiva has a 12 month low of $37.74 and a 12 month high of $114.68. The firm’s fifty day simple moving average is $93.70 and its two-hundred day simple moving average is $88.53. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of -66.90 and a beta of 1.28.
Several analysts recently commented on WK shares. Zacks Investment Research upgraded shares of Workiva from a “sell” rating to a “hold” rating in a report on Thursday, April 1st. Morgan Stanley raised their price target on shares of Workiva from $82.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 25th. William Blair began coverage on shares of Workiva in a research note on Monday, January 4th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group raised their price target on shares of Workiva from $60.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, February 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $87.71.
Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.
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