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    Workiva Stock Faces Strong Sales Growth After EPS Miss And Lower Guidance

    Simply Wall St·11/07/2026 08:36:27
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    • Workiva reported Q3 2026 results with revenue of US$262.96 million and net income of US$19.11 million, along with expanding non GAAP operating margins.
    • The business paired stronger profitability and a swing to year to date net income with an earnings per share miss and reduced full year adjusted EPS guidance.
    • Next comes a look at how Workiva's stronger margins but lower adjusted EPS guidance could reshape the longer term investment narrative.

    Scan beyond Workiva and see how other software platforms are balancing margin expansion with earnings surprises by reviewing our hand picked list of 39 high quality undervalued stocks.

    Workiva Investment Narrative Recap

    To own Workiva, you need to believe its multi solution reporting platform can keep deepening into large enterprises while maintaining high renewal levels. The latest quarter supports that view on operations. Revenue reached US$262.96 million with non GAAP margins expanding, and the business stayed solidly profitable, even as EPS landed below some expectations.

    The key near term catalyst remains execution on larger multi product deals and AI driven workflows across regulatory and sustainability reporting. Lowered full year adjusted EPS guidance and a Q3 earnings miss keep the biggest risk squarely on profitability expectations and cost discipline rather than on demand, which this update did not materially undercut.

    The most relevant update here is Workiva’s Q3 2026 report, which paired 17.3% year on year revenue growth with non GAAP operating margin of 18.3%. Management also reiterated that the company is tracking toward its 2026 guidance and 2030 margin targets, while flagging moderating sustainability tailwinds and currency headwinds.

    For catalysts, that mix matters. Margin expansion and multi solution adoption support the view that Workiva can convert subscription growth into higher quality earnings over time. At the same time, reduced full year adjusted EPS guidance and a slightly soft Q4 revenue outlook keep execution risk elevated around partner driven implementations, newer agentic solutions and European sustainability regulation.

    Workiva Forecasts And Valuation Anchors

    Analysts sketch a future for Workiva that leans heavily on compounding top line growth and a much higher earnings base by the end of the decade. The current consensus points to revenue rising by 15.4% per year over the next three years, with profit margins moving from 4.9% today to 11.5% on that timetable. On the bottom line, forecasts call for earnings to increase from US$47.0 million today to US$171.2 million by 2029, which is an earnings jump of about US$124 million if those projections are met.

    This long range view carries through into how analysts frame valuation. Their collective price target of US$89.80 is built around 2029 revenue of US$1.5b and earnings of US$171.2 million, paired with a P/E multiple of 33.6x on those projected profits. That prospective multiple sits below Workiva’s current P/E of 98.7x but above the 31.0x level cited for the wider US software group. This signals that the stock is being modeled with a premium to peers and a discount to its own present earnings multiple.

    Workiva's narrative projects US$1.5b revenue and US$171.2 million earnings by 2029. This requires 15.4% yearly revenue growth and an earnings increase of about US$124 million from US$47.0 million.

    Uncover how Workiva's fair value indicates a 23% potential upside to its current price before momentum closes the discount.

    NYSE:WK 1-Year Stock Price Chart
    NYSE:WK 1-Year Stock Price Chart

    Exploring Other Perspectives

    One alternate view on Workiva leans heavily on agentic AI as the key upside swing factor. Bullish analysts were already penciling in revenue of about US$1.6b and earnings of US$190.6 million by 2029, prior to this Q3 margin step up and EPS miss. You can treat this as one possible storyline and compare it with more cautious forecasts to see how opinions might shift after the latest numbers.

    Explore another Workiva fair value estimate, including one that suggests as much as 131% upside from the current price!

    The Verdict Is Yours

    Don't just follow the ticker. Dig into the data and build a conviction that's truly your own.

    Looking For More Investment Ideas Beyond Workiva?

    If the Workiva story has sharpened your thinking, broaden the search and line up a few other contenders using the Simply Wall St Screener. Mix different angles so you are not relying on a single type of opportunity.

    • For investors who want growth potential without ignoring balance sheet strength, scan our 19 high quality undiscovered gems that combine quality fundamentals with less crowded attention.
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