Workiva Announces Fourth Quarter and Full Year 2018 Financial Results

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Workiva (WK) PT Raised to $55 at Stifel

February 21, 2019 8:53 AM EST

Stifel analyst Tom Roderick raised the price target on Workiva (NYSE: WK) to $55.00 (from $46.00) while maintaining a Buy rating.

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Workiva (WK) Tops Q4 EPS by 10c, Revenues Beat; Offers Q1 & FY19 Revenue Outlook Above Consensus

February 20, 2019 4:25 PM EST

Workiva (NYSE: WK) reported Q4 EPS of $0.00, $0.10 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $64.4 million versus the consensus estimate of $62.71 million.

We posted strong results for the fourth quarter and full year 2018, said Marty Vanderploeg, CEO of Workiva. Operating margin improved significantly in the quarter, and we outperformed our guidance for revenue, operating loss and loss per share. We remain committed to achieving profitable growth over time.

The significant operating efficiencies we gained in 2018 are enabling us to accelerate growth investments in 2019 in integrated risk, European financial reporting and... More