Workiva (WK) Tops Q3 EPS by 11c

Workiva (NYSE: WK) reported Q3 EPS of ($0.23), $0.11 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $44.7 million versus the consensus estimate of $44.87 million.

Operating Metrics

Customers: Workiva had 2,696 customers as of September 30, 2016, a net increase of 228 customers from September 30, 2015.
Revenue Retention Rate: As of September 30, 2016, Workiva's revenue retention rate (excluding add-on revenue) was 95.0%, and the revenue retention rate including add-on revenue was 108.7%. Add-on revenue includes the change in both seats purchased and seat pricing for existing customers.

GUIDANCE:

Workiva sees Q4 2016 EPS of ($0.21)-($0.20), versus the consensus of ($0.22). Workiva sees Q4 2016 revenue of $45.2-45.7 million, versus the consensus of $48.8 million.

Workiva sees FY2016 EPS of ($0.84)-($0.85), versus the consensus of ($0.98). Workiva sees FY2016 revenue of $177.5-178 million, versus the consensus of $181.3 million.

For earnings history and earnings-related data on Workiva (WK) click here.

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