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Seeking Clues to Workiva (WK) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-02-14 15:21
Wall Street analysts expect Workiva (WK) to post quarterly earnings of $0.22 per share in its upcoming report, which indicates a year-over-year increase of 175%. Revenues are expected to be $164.44 million, up 14.4% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to t ...
Workiva Inc. Sets Date for Fourth Quarter and Full Year 2023 Financial Release and Conference Call
Businesswire· 2024-01-23 21:15
NEW YORK--(BUSINESS WIRE)--Workiva Inc. (NYSE:WK), the world’s leading cloud platform for assured, integrated reporting, today announced that it will release financial results for the fourth quarter and full‑year ended December 31, 2023, following the close of the market on February 20, 2024. Workiva will host a conference call and live webcast to discuss the financial results. The conference call will begin at 5 p.m. Eastern Time (22:00 GMT) February 20, 2024. The event will be broadcast live and is acces ...
Workiva(WK) - 2023 Q3 - Earnings Call Transcript
2023-10-31 08:44
Workiva Inc. (NYSE:WK) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Mike Rost - Senior Vice President of Corporate Development and Investor Relations Julie Iskow - Chief Executive Officer Jill Klindt - Chief Financial Officer Conference Call Participants Adam Hotchkiss - Goldman Sachs Steve Enders - Citi Daniel Jester - BMO Capital Markets Alex Sklar - Raymond James Joe Meares - Truist Ryan Krieger - Wolfe Research Brad Reback - Stifel Luke Horton - Northland Securities ...
Workiva(WK) - 2023 Q3 - Quarterly Report
2023-10-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-36773 (Exact name of registrant as specified in its char ...
Workiva(WK) - 2023 Q2 - Earnings Call Presentation
2023-08-10 08:33
The cloud Digital transformation 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 expressions are intended to iden ...
Workiva(WK) - 2023 Q2 - Earnings Call Transcript
2023-08-04 02:38
Workiva Inc. (NYSE:WK) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Mike Rost - Senior Vice President, Investor Relations and Corporate Development Julie Iskow - President and Chief Executive Officer Jill Klindt - Executive Vice President, Chief Financial Officer Conference Call Participants Rob Oliver - Baird Alex Sklar - Raymond James Andrew DeGasperi - Berenberg Matt Stotler - William Blair Joe Meares - Truist Marc Bachner - Stifel Mike Pochucha - Northland Operator Goo ...
Workiva(WK) - 2023 Q2 - Quarterly Report
2023-08-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (State or other jurisdiction of incorporation or organization) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 00 ...
Workiva(WK) - 2023 Q1 - Earnings Call Transcript
2023-05-03 00:55
Workiva Inc. (NYSE:WK) Q1 2023 Results Conference Call May 2, 2023 5:00 PM ET Company Participants Mike Rost - SVP, Corporate Development & IR Julie Iskow - President, CEO Jill Klindt - CFO Conference Call Participants Matt Stotler - William Blair Steve Enders - Citi Adam Hotchkiss - Goldman Sachs Alex Sklar - Raymond James Kyle Aberasturi - Bank of Montreal Mike Grondahl - Northland Brad Reback - Stifel Patrick Schulz - Baird Connor Passarella - Truist Securities Operator Good afternoon, ladies and gentlem ...
Workiva(WK) - 2023 Q1 - Quarterly Report
2023-05-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State or other j ...
Workiva(WK) - 2022 Q4 - Earnings Call Transcript
2023-02-22 03:48
Financial Data and Key Metrics Changes - Workiva reported record revenue for Q4 2022, with subscription and support revenue growth of 21% and total revenue growth of 19% [8][9] - For the full year 2022, subscription and support revenue grew by 23%, while total revenue increased by 21% [9] - The non-GAAP operating profit margin for Q4 was 3.3%, exceeding guidance by 660 basis points [8] - Total revenue for Q4 2022 was $143.8 million, a 19.1% increase from Q4 2021 [29] - Gross profit for Q4 was $110.9 million, up 19% year-over-year, with a gross margin of 77.1% [34] Business Line Data and Key Metrics Changes - Subscription and support revenue for Q4 was $125.9 million, reflecting a 20.7% increase from the previous year [29] - Professional services revenue reached $17.9 million in Q4 2022, an 8.7% increase year-over-year, driven by higher XBRL services revenue [30] - The number of contracts valued over $100,000 per year increased by 20% year-over-year, totaling 1,345 contracts [33] Market Data and Key Metrics Changes - Workiva added 123 net new customers in Q4, bringing the total customer count to 5,664, a growth of 1,349 customers from Q4 2021 [30] - The gross revenue retention rate was 97.8%, an increase from 97% in the same period last year [31] Company Strategy and Development Direction - Workiva's strategy focuses on multi-solution deals, particularly in ESG, which has become the fastest-growing part of the business [11][14] - The company aims to leverage its unique integrated reporting platform that combines Financial Reporting, ESG, and GRC [12][24] - Workiva is positioned to capture a significant market opportunity with the passing of the European Corporate Sustainability Reporting Directive, which mandates ESG reporting for over 50,000 EU companies [17] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic pressures have elongated deal cycles, but the demand for ESG solutions is strong and offsetting some slowdowns [9][44] - The company remains optimistic about future growth, particularly in the ESG market, and expects to see improved operating margins in the latter half of 2023 [39][80] - Management emphasized the importance of maintaining a people-first culture and continuous innovation as core principles [22] Other Important Information - Workiva's cash, cash equivalents, and marketable securities totaled $431 million as of December 31, 2022 [35] - The company expects total revenue for Q1 2023 to range from $149 million to $150 million, with a projected non-GAAP operating loss [37] Q&A Session Summary Question: Comments on macro environment and ESG pace - Management acknowledged elongated deal cycles but noted strong ESG performance, indicating a generational opportunity [43][44] Question: Variance in operating income expectations - Management explained that increased travel and employee expenses contributed to the variance in operating income expectations [46][47] Question: Update on European market leadership - Management expressed optimism about new leadership in Europe and the potential for growth driven by ESG regulations [56] Question: Competitive landscape in ESG - Management indicated that while larger competitors focus on carbon accounting, Workiva's platform is well-positioned to win against both established and new disruptors [61] Question: Net retention rate and growth factors - Management expects to maintain high retention rates and sees potential for growth through add-on deals and customer satisfaction [65][66] Question: Focus areas for 2023 - Management highlighted growth through fit-for-purpose solutions and continued investment in ESG as key focus areas for 2023 [71] Question: Impact of CSRD regulations on pipeline - Management confirmed that inquiries related to CSRD are increasing, indicating a positive outlook for ESG opportunities [79][80]