What Happened?

Shares of financial and compliance reporting software company Workiva (NYSE:WK) 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.

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What The Market Is Telling Us

Workiva’s shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Workiva is down 19% since the beginning of the year, and at $88.23 per share, it is trading 23.1% below its 52-week high of $114.78 from December 2024. Investors who bought $1,000 worth of Workiva’s shares 5 years ago would now be looking at an investment worth $1,962.

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