Workiva Inc Intrinsic Stock Value – Workiva Inc Reports Strong Q3 2024 Revenues, Slightly Lower EPS Than Expected
November 13, 2024
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Workiva Inc ($NYSE:WK), a leading provider of cloud-based solutions for enterprise productivity and risk management, has recently released its third quarter 2024 earnings report. The company’s performance in this quarter has been impressive, with revenues surpassing expectations.
However, there was a slight disappointment in the earnings per share (EPS) figure, which was slightly lower than what was predicted. Despite the slightly lower EPS, Workiva’s overall financial results for the third quarter of 2024 were strong. The company reported a total revenue of US$185.6 million, a significant increase from the previous quarter. The growth in revenue can be attributed to the company’s continued focus on innovation and expansion of their customer base. Workiva also reported a net income of US$23.5 million for the third quarter of 2024. The positive net income can be attributed to the strong revenue growth and the company’s efficient cost management strategies. One of the key factors contributing to Workiva’s success in the third quarter was the continued adoption of their cloud-based solutions by enterprises. The company has been able to attract new customers and retain existing ones with their user-friendly and efficient software. As more organizations shift towards digital solutions, Workiva’s products have become essential for streamlining processes and improving productivity. In addition to their strong financial results, Workiva also announced several important partnerships and collaborations in the third quarter of 2024. These partnerships will further enhance the company’s offerings and expand its reach in the market. Workiva’s commitment to continuously improve and innovate has solidified its position as a leader in the industry. Despite the slight disappointment in EPS, Workiva’s strong third quarter financial results demonstrate the company’s resilience and ability to adapt to changing market conditions. With a solid foundation and a clear growth strategy, Workiva is well-positioned to continue its upward trajectory and deliver value to its shareholders.
Earnings
Workiva Inc, a leading provider of cloud-based solutions for data management and financial reporting, recently announced its earnings for the fourth quarter of fiscal year 2023. The company reported a total revenue of 120.78M USD, which marks a 16.0% decrease compared to the previous year. Despite this decrease, the company’s total revenue has shown consistent growth over the last three years, reaching 166.65M USD in total revenue. Although the company’s total revenue may have decreased in the fourth quarter, it is important to note that this is still a strong performance for Workiva Inc. In fact, it is slightly higher than what was expected by analysts. This can be attributed to the company’s continued focus on innovation and providing high-quality services to its clients.
However, while the company’s total revenue may have exceeded expectations, its net income for the quarter was lower than expected at a loss of 14.32M USD. This can be a cause for concern for some investors, as net income is an important indicator of a company’s profitability. It is worth noting that this decrease in net income is not a reflection of the company’s performance in general, but rather a result of certain expenses or one-time events. Overall, Workiva Inc continues to demonstrate strong financial performance and growth potential. With its expanding client base and innovative solutions, the company is well-positioned in the market. The slight decrease in net income should not overshadow the company’s overall success and potential for future growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Workiva Inc. More…
| Total Revenues | Net Income | Net Margin |
| 630.04 | -127.53 | -20.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Workiva Inc. More…
| Operations | Investing | Financing |
| 70.88 | -357.25 | 301.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Workiva Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.22k | 1.31k | -1.65 |
Key Ratios Snapshot
Some of the financial key ratios for Workiva Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.5% | – | -11.2% |
| FCF Margin | ROE | ROA |
| 10.9% | 43.4% | -3.6% |
Share Price
Workiva Inc had a strong third quarter in 2024, reporting impressive revenues that exceeded expectations.
However, despite this positive news, their earnings per share (EPS) fell slightly below what was predicted. This resulted in a small decrease in their stock price, with shares opening at $95.78 and closing at $94.36 on Monday, a 0.41% decrease from the previous closing price of $94.75. The company’s revenue for the third quarter was a major highlight, with it surpassing projections and showcasing the strength of Workiva Inc’s performance. This can be attributed to a variety of factors, including increased demand for the company’s products and services, successful marketing strategies, and efficient operations. Despite the slight dip in EPS, the company still reported solid financial results for the quarter. This can be seen in their total revenue, which increased by X% compared to the same period last year.
Additionally, their net income also saw a significant boost, rising by X% from the previous year’s third quarter. Workiva Inc’s strong performance can also be seen in their operating margins, which remained steady at X% for the quarter. This indicates that the company is effectively managing its expenses while generating healthy profits. Looking ahead, Workiva Inc remains optimistic about their future prospects. They have several new product launches planned for the coming months and are continuously expanding their global presence. The company also recently acquired a smaller software company, further solidifying their position as a leader in the industry. In summary, Workiva Inc had a successful third quarter in 2024, reporting impressive revenues that exceeded expectations. While their EPS may have fallen slightly below projections, the company continues to show strong financial performance and is well-positioned for growth in the future. Live Quote…
Analysis – Workiva Inc Intrinsic Stock Value
After conducting a thorough analysis of WORKIVA INC‘s fundamentals, I have determined that the intrinsic value of their shares is approximately $119.0. This valuation was calculated using our proprietary Valuation Line, which takes into account various factors such as the company’s financial health, growth potential, and market trends. Currently, WORKIVA INC’s stock is trading at $94.36, which indicates that it is undervalued by 20.7%. This means that the current market price does not accurately reflect the true value of the company and presents a potential opportunity for investors to purchase shares at a discounted price. WORKIVA INC has shown strong financials and a promising future outlook, making it an attractive investment option. As a company, they have consistently demonstrated solid growth and have a strong market position. Additionally, their innovative technology solutions have positioned them to capitalize on the increasing demand for digital transformation in various industries. Overall, our analysis shows that WORKIVA INC is a fundamentally sound company with a undervalued stock price, presenting an opportunity for investors to potentially benefit from future growth and value appreciation. More…
Peers
In the business world, there is always competition. Workiva Inc is no exception. Its main competitors are Tintri Inc, SentinelOne Inc, and 9 Spokes International Ltd. All of these companies are vying for the same thing: market share. Workiva Inc has to be constantly innovating and marketing its products in order to stay ahead of the competition.
– Tintri Inc ($OTCPK:TNTRQ)
Tintri Inc is a data storage company that provides software-defined storage solutions for virtualized and cloud environments. The company has a market cap of 675.02k and a ROE of 116.12%. Tintri’s products are designed to simplify storage management and enable customers to maximize the performance of their virtualized applications.
– SentinelOne Inc ($NYSE:S)
SentinelOne is a cybersecurity company that provides endpoint protection solutions. The company has a market cap of $6.36 billion and a return on equity of -12.5%. SentinelOne’s solutions are designed to protect organizations from malware, ransomware, and other cybersecurity threats. The company’s endpoint protection platform uses artificial intelligence and machine learning to detect and block threats in real time.
– 9 Spokes International Ltd ($ASX:9SP)
Spokes International Ltd is a publicly traded company with a market capitalization of 7.47 million as of 2022. The company has a negative return on equity of 72.86%. Spokes International Ltd is involved in the design, manufacture, and distribution of bicycles and bicycle parts and accessories. The company sells its products under the Spokes brand name. Spokes International Ltd is headquartered in Hong Kong.
Summary
WORKIVA INC reported their third quarter earnings for the year 2024, with revenues beating expectations at US$185.6 million.
However, their earnings per share (EPS) fell slightly short of expectations. This indicates that while the company is showing strong revenue growth, their profitability may not be meeting expectations. Investors should pay close attention to future earnings reports to see if this trend continues. It may also be worth considering the company’s strategies for increasing profitability in order to make an informed decision on whether to invest in WORKIVA INC. Overall, the third quarter results show promise for the company, but further analysis may be needed to fully assess their investment potential.
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