Workiva Sees Q3 Adj. EPS $0.22-$0.24 vs $0.25 Est., Tota Revenue $182M-$183M vs $180.48M Est.; Sees FY24 Adj. EPS $0.94-$0.98 vs $0.99 Est., Total Revenue $727M-$729M vs $721.28M Est.
Portfolio Pulse from Benzinga Newsdesk
Workiva (WK) has released its Q3 and FY24 financial guidance. The company expects Q3 adjusted EPS to be between $0.22 and $0.24, below the estimated $0.25, but total revenue is expected to be $182M-$183M, above the estimated $180.48M. For FY24, Workiva anticipates adjusted EPS of $0.94-$0.98, slightly below the estimated $0.99, with total revenue projected at $727M-$729M, exceeding the estimated $721.28M.
August 01, 2024 | 9:26 pm
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Workiva's Q3 adjusted EPS guidance of $0.22-$0.24 is below the estimated $0.25, but total revenue guidance of $182M-$183M exceeds the estimated $180.48M. For FY24, adjusted EPS is expected to be $0.94-$0.98, slightly below the estimated $0.99, while total revenue is projected at $727M-$729M, above the estimated $721.28M.
The mixed guidance with EPS slightly below estimates but revenue above expectations suggests a neutral short-term impact on WK's stock price. Investors may weigh the lower EPS against the higher revenue projections.
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