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Workiva (WK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, Workiva (WK - Free Report) reported revenue of $158.18 million, up 19.1% over the same period last year. EPS came in at -$0.65, compared to -$0.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $155.45 million, representing a surprise of +1.75%. The company delivered an EPS surprise of -1725.00%, with the consensus EPS estimate being $0.04.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Workiva performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Subscription and support: $143.42 million versus the five-analyst average estimate of $140.71 million. The reported number represents a year-over-year change of +20.9%.
Revenue- Professional Services: $14.75 million compared to the $14.75 million average estimate based on five analysts. The reported number represents a change of +3.5% year over year.
Gross profit- Professional services (non-GAAP): $1.89 million versus the five-analyst average estimate of $2.17 million.
Gross profit- Subscription and support (non-GAAP): $119.80 million versus $116.87 million estimated by five analysts on average.
Shares of Workiva have returned -7.7% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Workiva (WK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Workiva (WK - Free Report) reported revenue of $158.18 million, up 19.1% over the same period last year. EPS came in at -$0.65, compared to -$0.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $155.45 million, representing a surprise of +1.75%. The company delivered an EPS surprise of -1725.00%, with the consensus EPS estimate being $0.04.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Workiva performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Subscription and support: $143.42 million versus the five-analyst average estimate of $140.71 million. The reported number represents a year-over-year change of +20.9%.
- Revenue- Professional Services: $14.75 million compared to the $14.75 million average estimate based on five analysts. The reported number represents a change of +3.5% year over year.
- Gross profit- Professional services (non-GAAP): $1.89 million versus the five-analyst average estimate of $2.17 million.
- Gross profit- Subscription and support (non-GAAP): $119.80 million versus $116.87 million estimated by five analysts on average.
View all Key Company Metrics for Workiva here>>>Shares of Workiva have returned -7.7% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.