Why Workiva Stock Is Surging Today
Workiva (WK 5.57%) stock is posting big gains in Wednesday's trading. The company's share price was up 5.5% as of 3:25 p.m.
Compared to Estimates, Workiva (WK) Q4 Earnings: A Look at Key Metrics
The headline numbers for Workiva (WK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Workiva (WK) Q4 Earnings Match Estimates
Workiva (WK) came out with quarterly earnings of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago.
Curious about Workiva (WK) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Evaluate the expected performance of Workiva (WK) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Workiva selloff yesterday a buying opportunity, says Citi
Citi believes reports of increased pressure on European Union regulators to dial back environmental, social, and governance reporting regulations, with France preparing a proposal to limit the scope of regulatory directives that are driving Workiva's ESG reporting product, created a buying opportunity for the shares. There has been no formal change to Corporate Sustainability Reporting Directive requirements, with the news indicating the preparation of a proposal likely focusing on smaller businesses that fall outside of Workiva's enterprise end market, the analyst tells investors in a research note. Citi views the stock selloff "as outsized," and believes it significantly improves the setup into the Q4 results. The firm keeps a Buy rating on Workiva with a $128 price target. 25 Feb
Why Workiva Stock Plummeted Today
Workiva (WK -13.27%) stock saw big sell-offs in Wednesday's trading. The cloud software company's share price ended the daily session down 13.3% despite the S&P 500 index gaining 0.6% and the Nasdaq Composite index climbing 1.2%.
Workiva: Positioned To Benefit From ESG And Compliance Megatrends
I recommend a buy rating for Workiva due to its exposure to strong secular tailwinds supporting high-teens revenue growth in the coming years. WK benefits from a growing Total Addressable Market driven by ESG adoption, increasing regulatory compliance, and financial reporting digitization, positioning it well for future growth. WK's valuation gap to peers should close as it continues to grow revenue at high-teens percentage range.
Workiva upgraded to Buy from Hold at Stifel
Stifel analyst Brad Reback upgraded Workiva to Buy from Hold with a price target of $130, up from $102. The firm believes the stock now represents a compelling small-cap idea as better sales execution, and realistic revenue and margin growth expectations position the company well for sustained outperformance vs current estimates.
Workiva: Momentum Is Evident, But Be Wary On Valuation
Workiva has experienced a significant rebound, driven by multi-product sales and accelerating growth rates, lifting its stock to a YTD gain. Despite a ~30% return since September, I remain cautiously optimistic, raising my price target to $110 but mindful of a valuation that is quickly becoming stretched. Workiva's Q3 results showed a 17% y/y revenue growth and improved net retention rates, highlighting its mission-critical software's stickiness.
1 Glorious Growth Stock Down 42% You'll Regret not Buying on the Dip, According to Wall Street
Few analysts cover Workiva, but those who do have reached a very bullish consensus.
Workiva Inc. (WK) Q3 2024 Earnings Call Transcript
Workiva Inc. (WK) Q3 2024 Earnings Call Transcript
Workiva (WK) Lags Q3 Earnings Estimates
Workiva (WK) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to loss of $0.65 per share a year ago.
