Workiva (WK) Stock

Citi thinks that the recent reports about European Union regulators possibly easing environmental, social, and governance (ESG) reporting rules, especially with France planning a proposal that could affect Workiva's ESG reporting product, present a good chance to buy shares. Although there haven't been any official changes to the Corporate Sustainability Reporting Directive, the proposal seems to be aimed at smaller businesses, which are not part of Workiva's main market. Citi considers the recent drop in the stock price to be excessive and believes it sets up a better opportunity ahead of the Q4 results, maintaining a Buy rating on Workiva with a target price of $128.

On Wednesday, Workiva (WK) experienced significant stock sell-offs, with its share price dropping by 13.3%. This decline occurred even as the S&P 500 index rose by 0.6% and the Nasdaq Composite index increased by 1.2%.

I suggest a buy rating for Workiva because it is likely to experience significant revenue growth in the coming years. The company is well-positioned to benefit from trends like ESG adoption, stricter regulations, and the shift to digital financial reporting. As Workiva continues to grow its revenue at a high rate, its valuation compared to competitors is expected to improve.

NEW YORK--(BUSINESS WIRE)--Workiva Inc. (NYSE:WK), a top cloud platform for reliable integrated reporting, has announced its upcoming participation in the Raymond James 2024 TMT & Consumer Investor Conference. CEO Julie Iskow will speak on December 10, 2024, at 1:40 p.m. ET, and the event will be streamed live, with a recording available for a short period on Workiva's investor relations site.

Deloitte and Workiva have introduced four new sustainability accelerators to assist organizations in meeting the requirements of the EU's Corporate Sustainability Reporting Directive (CSRD). These tools focus on improving double materiality reviews, calculating financed emissions, assessing regulatory gaps, and tracking compliance workflows. This development builds on their existing partnership and previous ESG initiatives.

Not many analysts follow Workiva, but the ones that do have a very positive outlook.

The transcript of Workiva Inc. (WK) earnings call for the third quarter of 2024 is available.

Workiva (WK) reported quarterly earnings of $0.21 per share, which is lower than the Zacks Consensus Estimate of $0.23 per share. In the same period last year, the company had a loss of $0.65 per share.

Assess the anticipated performance of Workiva (WK) for the quarter that ended in September 2024. Instead of just focusing on the usual Wall Street revenue and profit predictions, let's take a closer look at some important metrics for a deeper understanding.