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.
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.
Shares of International Flavors & Fragrances Inc. (NYSEIFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.
