$0.86 EPS Expected for Workday, Inc. (NASDAQ:WDAY) This Quarter

Wall Street analysts expect Workday, Inc. (NASDAQ:WDAYGet Rating) to post earnings of $0.86 per share for the current quarter, Zacks reports. Thirty One analysts have made estimates for Workday’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.79. Workday reported earnings of $0.87 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.1%. The firm is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Workday will report full year earnings of $3.59 per share for the current financial year, with EPS estimates ranging from $3.07 to $4.22. For the next fiscal year, analysts forecast that the business will post earnings of $4.57 per share, with EPS estimates ranging from $3.87 to $5.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Workday.

Workday (NASDAQ:WDAYGet Rating) last posted its quarterly earnings results on Monday, February 28th. The software maker reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). Workday had a net margin of 0.57% and a return on equity of 2.63%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned ($0.13) EPS. The company’s quarterly revenue was up 21.6% compared to the same quarter last year.

Several equities research analysts recently commented on WDAY shares. Mizuho lifted their price objective on Workday from $280.00 to $300.00 in a report on Tuesday, March 1st. UBS Group lifted their price target on shares of Workday from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, March 1st. Bank of America increased their price objective on shares of Workday from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, March 1st. BMO Capital Markets upgraded shares of Workday from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $330.00 to $295.00 in a report on Tuesday, February 1st. Finally, Loop Capital decreased their target price on shares of Workday from $340.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, March 1st. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Workday currently has an average rating of “Buy” and an average price target of $309.34.

WDAY stock opened at $189.46 on Friday. The stock has a market capitalization of $47.37 billion, a P/E ratio of 1,894.60 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. Workday has a 1-year low of $185.56 and a 1-year high of $307.81. The business has a fifty day moving average price of $226.84 and a 200-day moving average price of $250.60.

In other Workday news, CEO Gomez Luciano Fernandez sold 2,424 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $245.07, for a total value of $594,049.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robynne Sisco sold 13,042 shares of the stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $218.13, for a total transaction of $2,844,851.46. Following the transaction, the chief financial officer now directly owns 99,316 shares of the company’s stock, valued at approximately $21,663,799.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,453 shares of company stock worth $60,374,855. Insiders own 24.06% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Junto Capital Management LP raised its stake in Workday by 300.1% during the third quarter. Junto Capital Management LP now owns 355,591 shares of the software maker’s stock valued at $88,859,000 after purchasing an additional 266,723 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Workday by 9.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,713 shares of the software maker’s stock worth $1,178,000 after buying an additional 421 shares during the period. DNB Asset Management AS increased its position in shares of Workday by 14.3% during the fourth quarter. DNB Asset Management AS now owns 32,191 shares of the software maker’s stock worth $8,794,000 after acquiring an additional 4,025 shares during the period. Renaissance Technologies LLC increased its position in shares of Workday by 75.4% during the third quarter. Renaissance Technologies LLC now owns 384,000 shares of the software maker’s stock worth $95,958,000 after acquiring an additional 165,100 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Workday by 12.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,152 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 456 shares during the period. 70.64% of the stock is owned by institutional investors.

About Workday (Get Rating)

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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