Workiva Q2 2024 Adj. EPS $0.16 Misses $0.18 Estimate, Sales $177.503M Beat $175.225M Estimate
Portfolio Pulse from Benzinga Newsdesk
Workiva (NYSE:WK) reported Q2 2024 earnings per share of $0.16, missing the analyst consensus estimate of $0.18 by 11.11%. However, the company reported sales of $177.503 million, beating the estimate of $175.225 million by 1.30%. This represents a 14.50% increase over the same period last year.
August 01, 2024 | 8:53 pm
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Workiva reported Q2 2024 earnings per share of $0.16, missing the analyst consensus estimate of $0.18 by 11.11%. However, the company reported sales of $177.503 million, beating the estimate of $175.225 million by 1.30%. This represents a 14.50% increase over the same period last year.
The mixed results, with an EPS miss but a revenue beat, suggest a neutral short-term impact on the stock price. The revenue growth is a positive sign, but the EPS miss may cause some investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100