Workiva Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Workiva (NYSE:WK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$185.6m (up 17% from 3Q 2023).
• Net loss: US$17.0m (loss narrowed by 70% from 3Q 2023).
• US$0.31 loss per share (improved from US$1.04 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Workiva Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 20% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Workiva you should be aware of, and 1 of them is concerning.

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