Workiva (NYSE:WK) Posts Earnings Results, Beats Expectations By $0.17 EPS

Workiva (NYSE:WK) announced its earnings results on Wednesday. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17, FiscalAI reports. The firm had revenue of $224.17 million during the quarter, compared to analyst estimates of $218.96 million. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Workiva updated its FY 2025 guidance to 1.650-1.68 EPS and its Q4 2025 guidance to 0.670-0.700 EPS.

Workiva Trading Up 6.0%

Shares of WK opened at $87.04 on Friday. The firm’s 50-day moving average is $84.21 and its two-hundred day moving average is $75.13. Workiva has a twelve month low of $60.50 and a twelve month high of $116.83. The firm has a market capitalization of $4.88 billion, a P/E ratio of -103.62 and a beta of 0.87.

Hedge Funds Weigh In On Workiva

Several hedge funds have recently bought and sold shares of WK. Qube Research & Technologies Ltd boosted its position in Workiva by 46.3% during the second quarter. Qube Research & Technologies Ltd now owns 260,900 shares of the software maker’s stock worth $17,859,000 after purchasing an additional 82,564 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Workiva by 313.4% in the second quarter. Squarepoint Ops LLC now owns 103,606 shares of the software maker’s stock valued at $7,092,000 after purchasing an additional 78,544 shares during the last quarter. Millennium Management LLC raised its position in shares of Workiva by 44.5% during the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after purchasing an additional 73,266 shares during the last quarter. Topline Capital Management LLC purchased a new stake in Workiva in the 2nd quarter valued at approximately $3,970,000. Finally, Engineers Gate Manager LP grew its holdings in Workiva by 86.7% during the 2nd quarter. Engineers Gate Manager LP now owns 104,017 shares of the software maker’s stock valued at $7,120,000 after buying an additional 48,302 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WK. BMO Capital Markets raised their target price on shares of Workiva from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday. Capital One Financial set a $100.00 price objective on shares of Workiva in a research note on Tuesday, September 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $110.00 target price on shares of Workiva in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a report on Wednesday, October 8th. Finally, Wolfe Research lifted their price objective on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.55.

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.