Workiva (NYSE:WK – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.940-0.980 for the period, compared to the consensus EPS estimate of 0.990. The company issued revenue guidance of $727.0 million-$729.0 million, compared to the consensus revenue estimate of $721.3 million. Workiva also updated its FY24 guidance to $0.94-0.98 EPS.
Workiva Price Performance
NYSE:WK traded down $0.36 during trading hours on Friday, reaching $72.19. 1,173,974 shares of the stock were exchanged, compared to its average volume of 483,739. Workiva has a twelve month low of $65.47 and a twelve month high of $116.00. The firm has a 50 day moving average of $73.73 and a 200 day moving average of $81.57. The stock has a market cap of $3.96 billion, a PE ratio of -41.97 and a beta of 1.07.
Workiva (NYSE:WK – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.19) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.19). The business had revenue of $175.67 million during the quarter, compared to the consensus estimate of $173.85 million. Equities research analysts anticipate that Workiva will post -0.62 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Research Report on WK
Insider Transactions at Workiva
In related news, EVP Michael D. Hawkins sold 3,435 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $81.46, for a total value of $279,815.10. Following the transaction, the executive vice president now owns 55,487 shares in the company, valued at approximately $4,519,971.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.86% of the company’s stock.
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.
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