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Workiva Inc (WK)
NYSE:WK
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.33Last Year’s EPS
$0.3Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 27.10%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong quarter with significant growth in subscription revenue and record bookings. The company demonstrated improved operating efficiency and expanded its customer base while facing challenges in professional services revenue and ongoing investments in sales and marketing. Overall, the sentiment is positive with a focus on long-term growth and profitability.Company Guidance
During the call, Workiva provided guidance for the fourth quarter and full year 2024, raising its full-year revenue outlook by $6 million due to strong demand and improved sales momentum. For Q4 2024, the company expects total revenue between $194 million and $196 million and non-GAAP operating income ranging from $13 million to $15 million. For the full year, Workiva anticipates total revenue between $733 million and $735 million, with subscription revenue growth over 19% at the midpoint. Additionally, the company projects a non-GAAP operating income between $30 million and $32 million, translating to a non-GAAP net profit of $0.93 to $0.96 per share, with a positive free cash flow margin of 11%. Workiva continues to focus on both growth and margin expansion, highlighting its strategic investments in sales and marketing, particularly in hiring quota-bearing representatives to capitalize on market opportunities.Subscription Revenue Growth
Subscription revenue grew by 19% compared to Q3 2023, reflecting strong demand and performance.
Record Bookings
Achieved record bookings for the quarter, with broad-based demand across all solution categories and geographies.
Strong Performance in Europe
Continued momentum in Europe, driven by demand for the CSRD compliance solutions.
Improved Operating Efficiency
Gross margin improved by 170 basis points year-over-year to 79%, and operating margin improved by 70 basis points to 4%.
Expanded Customer Base
Added 292 new customers year-over-year, bringing the total to 6,237 customers.
High Gross Revenue Retention
Gross revenue retention rate exceeded internal target at 97.5%.
Positive Free Cash Flow
Expected to post a positive free cash flow margin of 11% for the full year 2024.
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WK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $87.63 | $91.49 | +4.40% |
| Aug 01, 2024 | $72.55 | $72.19 | -0.50% |
| May 02, 2024 | $80.04 | $81.68 | +2.05% |
| Feb 20, 2024 | $94.19 | $82.01 | -12.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Workiva Inc (WK) report earnings?
Workiva Inc (WK) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Workiva Inc (WK) earnings time?
Workiva Inc (WK) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WK EPS forecast?
WK EPS forecast for the fiscal quarter 2024 (Q4) is $0.33.
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