Workiva Sees Q2 Adj. EPS $0.16-$0.19 vs $0.13 Est., Total Revenue $174M-$176M vs $177.2M Est.; Sees FY24 Adj. EPS $0.96-$1.03 vs $0.60 Est., Sees Total Revenue $719M-$723M vs $720.8M Est.
Portfolio Pulse from Benzinga Newsdesk
Workiva projects Q2 adjusted EPS of $0.16-$0.19, surpassing the $0.13 estimate, with total revenue expected to be $174M-$176M, slightly below the $177.2M estimate. For FY24, the adjusted EPS forecast is $0.96-$1.03, significantly higher than the $0.60 estimate, with total revenue anticipated to be $719M-$723M, around the $720.8M estimate.
May 02, 2024 | 9:53 pm
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Workiva's Q2 adjusted EPS forecast beats estimates, with a slight miss on revenue projections. The FY24 EPS outlook significantly exceeds expectations, with revenue forecasts closely aligning with estimates.
The positive adjustment in Workiva's EPS forecast for both Q2 and FY24, surpassing analyst expectations, is likely to instill investor confidence and drive short-term positive sentiment towards WK's stock. The slight miss in Q2 revenue projections is overshadowed by the strong EPS outlook, suggesting a minor impact on the stock's short-term trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100