Workiva (NYSE:WK - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.960-1.030 for the period, compared to the consensus earnings per share estimate of 0.600. The company issued revenue guidance of $719.0 million-$723.0 million, compared to the consensus revenue estimate of $720.8 million. Workiva also updated its Q2 2024 guidance to 0.160-0.190 EPS.
Workiva Stock Performance
Shares of WK traded up $1.62 during mid-day trading on Friday, hitting $81.66. 623,445 shares of the stock were exchanged, compared to its average volume of 377,983. The company has a market cap of $4.47 billion, a PE ratio of -35.86 and a beta of 1.04. Workiva has a 52-week low of $76.63 and a 52-week high of $116.00. The firm has a 50-day moving average of $82.45 and a two-hundred day moving average of $90.78.
Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to analysts' expectations of $164.44 million. On average, sell-side analysts predict that Workiva will post -0.91 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Workiva from $92.00 to $85.00 and set a hold rating on the stock in a research note on Wednesday, February 21st. BMO Capital Markets decreased their price target on Workiva from $123.00 to $113.00 and set an outperform rating on the stock in a report on Wednesday, February 21st. Finally, Citigroup lowered their target price on shares of Workiva from $110.00 to $95.00 and set a buy rating for the company in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Workiva has a consensus rating of Moderate Buy and a consensus target price of $111.63.
Read Our Latest Report on WK
About Workiva
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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.
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