Workiva Inc. Announces First Quarter 2024 Financial Results

Workiva (WK) shares jump on strong full year earnings guidance

Workiva (NYSE: WK) shares jumped at the open Friday after the company reported its latest quarter earnings after the close on Thursday, topping consensus expectations. The cloud platform provider also issued a strong earnings forecast for the full year, surpassing analyst predictions.

For the first quarter ended March 31, 2024, Workiva reported adjusted earnings per share (EPS) of $0.23, which was $0.11 higher than the analyst estimate of $0.12. The company's revenue reached $176 million, representing a 17% increase year-over-year (YoY) and coming in above the consensus estimate of $174.05 million. This growth was driven by a 20% rise in subscription and... More

Workiva (WK) PT Lowered to $100 at Wolfe Research

Wolfe Research analyst Ryan Krieger lowered the price target on Workiva (NYSE: WK) to $100.00 (from $110.00) while maintaining a Outperform rating.

The analyst comments "WK currently trades at 5.5x CY25 EV/S, which is below the three-year historical average FY+2 EV/S multiple of... More

Workiva (WK) PT Raised to $103 at Citi, 'Top Pick'

Citi analyst Steven Enders raised the price target on Workiva (NYSE: WK) to $103.00 (from $95.00) while maintaining a Buy rating.

The analyst comments "WK reported a better than feared 1Q24 with upside to core IS metrics but a $8M billings miss as softer... More

Workiva (WK) Tops Q1 EPS by 11c, Beats on Revenue; Offers FY24 Guidance

Workiva (NYSE: WK) reported Q1 EPS of $0.23, $0.11 better than the analyst estimate of $0.12. Revenue for the quarter came in at $176 million versus the consensus estimate of $174.05 million.

GUIDANCE:

Workiva sees FY2024 EPS of $0.96-$1.03, versus the consensus of $0.60. Workiva sees... More