Analysts forecast that Workiva Inc (NYSE:WK) will announce earnings per share of ($0.10) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Workiva’s earnings. Workiva posted earnings of ($0.12) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The firm is expected to report its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Workiva will report full year earnings of ($0.35) per share for the current fiscal year, with EPS estimates ranging from ($0.35) to ($0.34). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.14) per share, with EPS estimates ranging from ($0.29) to $0.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Workiva.

Workiva (NYSE:WK) last released its earnings results on Wednesday, May 1st. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The business had revenue of $69.96 million for the quarter, compared to the consensus estimate of $69.11 million. During the same quarter last year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year.

WK has been the subject of several recent research reports. Zacks Investment Research downgraded Workiva from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. SunTrust Banks lifted their price objective on Workiva to $58.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.17.

In related news, Director Brigid A. Bonner bought 500 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of $53.00 per share, for a total transaction of $26,500.00. Following the completion of the purchase, the director now directly owns 6,426 shares of the company’s stock, valued at $340,578. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Matthew M. Rizai sold 66,585 shares of Workiva stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $53.00, for a total value of $3,529,005.00. Following the completion of the transaction, the insider now owns 260,011 shares in the company, valued at approximately $13,780,583. The disclosure for this sale can be found here. Insiders sold 201,585 shares of company stock valued at $10,628,405 over the last 90 days. 18.46% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Workiva by 21.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 127,078 shares of the software maker’s stock valued at $5,020,000 after purchasing an additional 22,788 shares during the period. Legal & General Group Plc grew its stake in Workiva by 14.9% in the 3rd quarter. Legal & General Group Plc now owns 4,718 shares of the software maker’s stock valued at $186,000 after buying an additional 611 shares during the last quarter. Rhumbline Advisers grew its stake in Workiva by 49.5% in the 4th quarter. Rhumbline Advisers now owns 37,595 shares of the software maker’s stock valued at $1,349,000 after buying an additional 12,454 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Workiva by 1.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 27,424 shares of the software maker’s stock valued at $984,000 after buying an additional 366 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its stake in Workiva by 20.7% in the 4th quarter. Chicago Equity Partners LLC now owns 68,550 shares of the software maker’s stock valued at $2,460,000 after buying an additional 11,771 shares during the last quarter. Institutional investors own 51.49% of the company’s stock.

Shares of NYSE:WK traded down $0.23 on Friday, hitting $54.79. 166,637 shares of the company’s stock were exchanged, compared to its average volume of 395,275. Workiva has a 12 month low of $23.95 and a 12 month high of $57.11. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -58.91 and a beta of 1.01. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 9.78.

About Workiva

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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