Workiva (NYSE:WK) Updates Q2 2026 Earnings Guidance

Key Points

• Workiva raised Q2 2026 EPS guidance to $0.62–$0.65, well above the consensus $0.42, and set FY 2026 EPS guidance at $2.85–$2.95 while giving revenue guidance of $250.0M–$252.0M roughly in line with the $252.1M consensus.
• Board authorized a $250 million share buyback, representing up to about 7.7% of outstanding shares, signaling confidence that the stock may be undervalued.
• Analysts have trimmed price targets (consensus target $95) but maintain a "Moderate Buy" view; the stock traded down ~2.2% to $55.35 on the update.

Workiva (NYSE:WK - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.620-0.650 for the period, compared to the consensus earnings per share estimate of 0.420. The company issued revenue guidance of $250.0 million-$252.0 million, compared to the consensus revenue estimate of $252.1 million. Workiva also updated its FY 2026 guidance to 2.850-2.950 EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on WK. Truist Financial restated a "buy" rating and set a $90.00 price target (down from $110.00) on shares of Workiva in a research report on Friday, February 20th. Citigroup restated a "buy" rating on shares of Workiva in a research report on Monday, February 23rd. BMO Capital Markets dropped their price target on Workiva from $92.00 to $83.00 and set an "outperform" rating on the stock in a research report on Friday, February 20th. Stifel Nicolaus dropped their price target on Workiva from $98.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Finally, BTIG Research dropped their price target on Workiva from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.00.

Workiva Trading Down 2.2%

Workiva stock traded down $1.23 during mid-day trading on Tuesday, hitting $55.35. The company had a trading volume of 1,393,609 shares, compared to its average volume of 993,443. The stock's 50 day moving average price is $58.87 and its two-hundred day moving average price is $75.34. Workiva has a 12 month low of $50.98 and a 12 month high of $97.10. The company has a market capitalization of $3.15 billion, a PE ratio of -115.32 and a beta of 0.54.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, topping the consensus estimate of $0.66 by $0.11. The company had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Equities research analysts anticipate that Workiva will post 0.53 EPS for the current year.

Workiva declared that its Board of Directors has initiated a share repurchase plan on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Workiva by 2.7% during the fourth quarter. Invesco Ltd. now owns 41,770 shares of the software maker's stock valued at $3,603,000 after purchasing an additional 1,082 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Workiva by 86.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,584 shares of the software maker's stock valued at $1,344,000 after purchasing an additional 7,228 shares in the last quarter. Vident Advisory LLC bought a new position in shares of Workiva during the fourth quarter valued at $455,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Workiva by 11.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 893,859 shares of the software maker's stock valued at $77,095,000 after purchasing an additional 91,808 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Workiva by 8.2% during the fourth quarter. Empowered Funds LLC now owns 6,775 shares of the software maker's stock valued at $584,000 after purchasing an additional 512 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

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