Workiva (NYSE:WK – Get Rating) updated its third quarter 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of -$0.27–$0.25 for the period. The company issued revenue guidance of $132.00 million-$133.00 million, compared to the consensus revenue estimate of $133.46 million. Workiva also updated its FY 2022 guidance to -$0.57–$0.53 EPS.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Workiva from $100.00 to $105.00 in a research note on Wednesday, August 10th. Citigroup began coverage on shares of Workiva in a report on Thursday, September 1st. They set a buy rating and a $86.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s 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 Up 1.9 %
NYSE:WK opened at $66.16 on Tuesday. The company has a fifty day moving average of $68.23 and a 200 day moving average of $83.72. Workiva has a 52 week low of $59.43 and a 52 week high of $173.24. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 45.13. The firm has a market capitalization of $3.45 billion, a P/E ratio of -50.50 and a beta of 1.41.
Workiva (NYSE:WK – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The software maker reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.07. Workiva had a negative net margin of 13.80% and a negative return on equity of 137.88%. The company had revenue of $131.55 million during the quarter, compared to analyst estimates of $125.90 million. On average, research analysts predict that Workiva will post -1.87 earnings per share for the current year.
Institutional Inflows and Outflows
Ad Stansberry Research
CEO of biggest PE firm predicts “social unrest”
The CEO of Blackstone (America’s biggest private equity firm) recently went public predicting “social unrest.”
Several institutional investors have recently added to or reduced their stakes in WK. Lazard Asset Management LLC bought a new position in Workiva in the 1st quarter worth $82,000. Captrust Financial Advisors increased its stake in shares of Workiva by 181.4% in the 1st quarter. Captrust Financial Advisors now owns 1,511 shares of the software maker’s stock worth $178,000 after acquiring an additional 974 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Workiva in the 1st quarter worth about $229,000. Point72 Hong Kong Ltd bought a new position in shares of Workiva in the 1st quarter worth about $298,000. Finally, Walleye Capital LLC bought a new position in shares of Workiva in the 2nd quarter worth about $313,000. 84.56% of the stock is currently owned by institutional investors.
About Workiva
Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Workiva, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Workiva wasn’t on the list.
While Workiva currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/h3b8JuX
via IFTTT
No comments:
Post a Comment