Workiva is a cloud-based software company that offers solutions for enterprise productivity and compliance, specializing in financial reporting, regulatory filing, and data management
Its platform enables organizations to streamline the processes of collecting, managing, and reporting financial and operational data, thereby enhancing transparency and collaboration across teams. By integrating various facets of reporting and governance into a single system, Workiva helps businesses improve accuracy, reduce risk, and make better-informed decisions, ultimately supporting efficient compliance with regulatory requirements.
Shares of financial and compliance reporting software company Workiva (NYSEWK)
jumped 7.9% in the afternoon session after the company reported impressive fourth-quarter 2024 results, as revenue grew 20% year on year and slightly beat expectations, driven by strong demand for its subscription and support services. Billings also outperformed Wall Street's estimates, and the full-year 2025 sales outlook beat consensus expectations. On the other hand, its full-year EPS guidance missed significantly, and its EPS guidance for next quarter fell short of Wall Street's estimates. Overall, this was a mixed yet decent quarter.
Financial and compliance reporting software company Workiva (NYSEWK) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 19.9% year on year to $199.9 million. The company expects next quarter’s revenue to be around $204 million, close to analysts’ estimates. Its non-GAAP profit of $0.33 per share was in line with analysts’ consensus estimates.
The past six months have been a windfall for Workiva’s shareholders. The company’s stock price has jumped 61.6%, setting a new 52-week high of $116.82 per share. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the finance and HR software industry, including Workiva (NYSEWK) and its peers.
Let’s dig into the relative performance of BlackLine (NASDAQBL) and its peers as we unravel the now-completed Q3 finance and HR software earnings season.
Financial and compliance reporting software company Workiva (NYSEWK) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 17.4% year on year to $185.6 million. Guidance for next quarter’s revenue was better than expected at $195 million at the midpoint, 1.4% above analysts’ estimates. Its non-GAAP profit of $0.21 per share was 9.1% below analysts’ consensus estimates.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Workiva (NYSEWK) and the rest of the finance and hr software stocks fared in Q2.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Bill.com (NYSEBILL) and its peers.
