Wall Street analysts forecast that Workiva (WK) will report quarterly earnings of $0.23 per share in its upcoming release, pointing to a year-over-year increase of 135.4%. It is anticipated that revenues will amount to $182.5 million, exhibiting an increase of 15.4% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projec ...

Workiva stock might be a great tech opportunity outside of the popular artificial intelligence (AI) space. Software provider Workiva (WK -0.57%) helps organizations aggregate their data for reporting purposes, and it's on the cusp of a major opportunity in the environmental, social, and governance (ESG) space. It's one of the latest technology companies to report its financial results for the quarter ended June 30, and it managed to beat its prior revenue forecast. Workiva stock is trading 54% below its all ...

Workiva Inc. Investor Presentation workiva Safe Harbor This presentation includes forward-looking statements. All statements contained in this presentation other than statements of historical facts, including any statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expression ...

For the quarter ended June 2024, Workiva (WK) reported revenue of $177.5 million, up 14.5% over the same period last year. EPS came in at $0.16, compared to $0.02 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $175.04 million, representing a surprise of +1.41%. The company delivered an EPS surprise of -11.11%, with the consensus EPS estimate being $0.18. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Workiva (WK) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this maker of software for managing regulatory filings would post earnings of $0.17 per share when it actually produced earnings of $0.22, delivering a surprise of 29.41%. Over th ...

Monty Rakusen As the stock market continues to hover around all-time highs, my focus remains on rotating more of my portfolio toward "growth at a reasonable price" stocks. Oftentimes these are companies that mainstream investors aren't incredibly familiar with, and stocks that don't make up common fund and ETF portfolios. I particularly like companies with strong fundamentals that have bucked YTD trends and have fallen sharply, as I do think rebound plays will be a great way to play the current market top. ...

Though the cloud computing sector has seen generous growth over the last five years, some analysts have wondered if the market is overvalued. However, there is no simple answer to this question, as the concept of cloud computing can refer to any number of companies that provide an offsite technical solution for customers. With the industry's potential projected to grow to $2.3 trillion by 2032, it's important to know which cloud computing stocks to sell and which to buy. Currently, some business analysts be ...

Workiva (WK) closed the last trading session at $81.88, gaining 0.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $110 indicates a 34.3% upside potential.The mean estimate comprises eight short-term price targets with a standard deviation of $13.61. While the lowest estimate of $85 indicates a 3.8% increase from the current price level, the most optimistic analyst expects the st ...

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Financial Data and Key Metrics Changes - Subscription revenue grew by 20% year-over-year, reaching $155 million in Q1 2024, while total revenue increased by 17% to $175.7 million [4][15][61] - Operating profit improved to $6 million in Q1 2024, compared to an operating loss of $7.3 million in Q1 2023, reflecting an 830 basis point improvement [16][15] - Gross profit totaled $136.5 million, up 20% from the prior year, with gross margin improving by 220 basis points to 78% [16][15] - The company reported a net revenue retention rate of 111%, up from 109% in Q1 2023, indicating strong customer retention and expansion [34] Business Line Data and Key Metrics Changes - ESG solutions continued to be a top performer, contributing significantly to new bookings and account expansions, with over 30% of Fortune 100 companies now using Workiva's ESG solutions [6][25][102] - Financial reporting solutions saw strong demand, with notable wins including a mid 6-figure deal with a U.S. hedge fund and several GRC deals with international clients [8][9][24] - Professional services revenue remained flat at $20.7 million, with a decline in setup and consulting revenue offset by growth in XBRL services [61] Market Data and Key Metrics Changes - The company reported a cautious buying environment, with extended deal cycles impacting bookings, particularly in Q1, which is typically a lower season for bookings [22][70] - The macroeconomic environment has led to slower new logo growth, particularly in the U.S., while demand in Europe remains strong, contributing to 15% of revenue outside North America [84][91] Company Strategy and Development Direction - The company continues to focus on expanding its large contract customer base, with contracts valued over $100,000 increasing by 24% year-over-year [22][62] - Workiva aims to leverage its integrated platform for financial reporting, ESG, and GRC solutions, positioning itself as a leader in assured integrated reporting [23][30] - The company is committed to improving productivity and performance while navigating a cautious market environment, with an increased focus on operational efficiency [31][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth strategy despite a cautious buying environment, emphasizing the importance of productivity initiatives [22][31] - The company anticipates continued demand for its solutions, particularly in light of increasing regulatory requirements for ESG reporting [28][65] - Management highlighted the importance of maintaining a balance between acquiring new customers and expanding existing relationships [72] Other Important Information - Workiva's cash, cash equivalents, and marketable securities increased by $25 million sequentially to $838 million as of March 31, 2024 [35] - The company has been recognized on Fortune's 100 Best Companies to Work For list for six consecutive years, reflecting its strong corporate culture [32] Q&A Session Summary Question: What is the impact of the SEC's ESG regulations on growth? - Management noted that while there may be some delays in purchasing due to regulatory uncertainty, the clarity provided by the SEC's climate disclosure rule has been beneficial for companies needing to comply [40][41] Question: How does the company view its margin outlook? - Management indicated that productivity improvements and careful hiring practices are expected to drive margin growth across all teams [42][43] Question: What is the visibility into the second half of the year? - Management acknowledged that while Q1 typically sees lower bookings, they remain optimistic about the second half of the year, expecting growth to stabilize [70][85] Question: How is the company addressing the global approach to ESG? - Management highlighted that companies are increasingly taking a global approach to ESG compliance, driven by stakeholder demand and regulatory requirements [93][102]