Workiva (WK) to Release Earnings on Thursday

Workiva (NYSE:WK - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Thursday, July 31st. Analysts expect Workiva to post earnings of $0.05 per share and revenue of $208.92 million for the quarter. Workiva has set its FY 2025 guidance at 1.020-1.090 EPS and its Q2 2025 guidance at 0.050-0.050 EPS.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. The business had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect Workiva to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Workiva Price Performance

Workiva stock traded up $1.51 during trading hours on Friday, hitting $68.01. The company had a trading volume of 380,048 shares, compared to its average volume of 657,407. The firm has a market capitalization of $3.79 billion, a P/E ratio of -58.13 and a beta of 0.86. The firm's fifty day moving average is $67.75 and its 200-day moving average is $79.07. Workiva has a fifty-two week low of $60.50 and a fifty-two week high of $116.83.

Hedge Funds Weigh In On Workiva

An institutional investor recently raised its position in Workiva stock. Millennium Management LLC increased its position in Workiva Inc. (NYSE:WK - Free Report) by 44.5% in 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 acquiring an additional 73,266 shares during the quarter. Millennium Management LLC owned about 0.42% of Workiva worth $18,047,000 as of its most recent SEC filing. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on WK shares. Citigroup reaffirmed a "buy" rating and set a $105.00 price objective (down from $108.00) on shares of Workiva in a report on Wednesday, July 16th. BNP Paribas assumed coverage on shares of Workiva in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price objective for the company. Stephens reiterated an "overweight" rating and set a $95.00 target price on shares of Workiva in a research report on Thursday, May 22nd. Truist Financial lowered their price objective on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Raymond James Financial reduced their target price on shares of Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $101.30.

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.