Workiva (NYSE:WK) Releases FY 2025 Earnings Guidance

Key Points

• Workiva has updated its FY 2025 earnings guidance, projecting earnings per share between 1.310-1.380, significantly higher than the consensus estimate of 1.044, and revenue guidance of $870.0 million-$873.0 million compared to a consensus of $866.3 million.
• Despite the positive guidance, shares of Workiva declined 3.9% on Thursday, closing at $63.89, with a significant trading volume of 719,679 shares.
• Brokerage firms have revised their target prices for Workiva, with Stifel Nicolaus reducing it from $120.00 to $100.00, while the average target price across analysts is currently $101.30.

Workiva (NYSE:WK - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.310-1.380 for the period, compared to the consensus estimate of 1.044. The company issued revenue guidance of $870.0 million-$873.0 million, compared to the consensus revenue estimate of $866.3 million. Workiva also updated its Q3 2025 guidance to 0.370-0.410 EPS.

Workiva Stock Down 0.8%

NYSE WK traded down $0.64 on Monday, reaching $83.67. The company had a trading volume of 417,788 shares, compared to its average volume of 673,190. The stock's 50 day moving average is $67.81 and its 200-day moving average is $76.95. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -69.69 and a beta of 0.86. Workiva has a 52 week low of $60.50 and a 52 week high of $116.83.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.14. The company had revenue of $215.19 million during the quarter, compared to the consensus estimate of $208.92 million. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, analysts forecast that Workiva will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WK shares. Stifel Nicolaus dropped their price objective on Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday. Stephens restated an "overweight" rating and issued a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. Robert W. Baird set a $105.00 price target on Workiva in a report on Wednesday, June 25th. Truist Financial lowered their price target on Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, The Goldman Sachs Group lowered their price target on Workiva from $118.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Workiva presently has an average rating of "Buy" and an average price target of $99.22.

Hedge Funds Weigh In On Workiva

An institutional investor recently raised its position in Workiva stock. Millennium Management LLC grew its holdings in Workiva Inc. (NYSE:WK - Free Report) by 44.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 237,746 shares of the software maker's stock after purchasing an additional 73,266 shares during the period. Millennium Management LLC owned approximately 0.42% of Workiva worth $18,047,000 as of its most recent SEC filing. 92.21% of the stock is owned by institutional investors.

Workiva Company Profile

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.