financial and compliance reporting software company Workiva (NYSE: WK) will be reporting earnings this Thursday after market close. Here’s what to look for.
Workiva beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $206.3 million, up 17.4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations significantly. It added 24 enterprise customers paying more than $100,000 annually to reach a total of 2,079.
Is Workiva a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Workiva’s revenue to grow 17.7% year on year to $208.9 million, improving from the 14.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Workiva has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.4% on average.
Looking at Workiva’s peers in the finance and hr software segment, only Paychex has reported results so far. It missed analysts’ revenue estimates by 1.1%, delivering year-on-year sales growth of 10.2%. The stock was down 7.4% on the results.
Read our full analysis of Paychex’s earnings results here.There has been positive sentiment among investors in the finance and hr software segment, with share prices up 2.4% on average over the last month. Workiva is down 1.7% during the same time and is heading into earnings with an average analyst price target of $97.10 (compared to the current share price of $67.31).
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