Form 10-Q WORKIVA INC For: Mar 31

Go back to Form 10-Q WORKIVA INC For: Mar 31

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

May 3, 2024 11:59 AM EDT

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

May 3, 2024 7:17 AM EDT

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'

May 3, 2024 5:01 AM EDT

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