Workday, Inc. (NASDAQ:WDAY) to Post FY2027 Earnings of $2.79 Per Share, Zacks Research Forecasts

Workday, Inc. (NASDAQ:WDAY) – Stock analysts at Zacks Research lifted their FY2027 earnings estimates for shares of Workday in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings of $2.79 per share for the year, up from their previous estimate of $2.78. The consensus estimate for Workday’s current full-year earnings is $1.76 per share.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. Workday’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS.

Several other equities analysts have also recently issued reports on WDAY. BMO Capital Markets boosted their price objective on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. DA Davidson reissued a “neutral” rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Evercore ISI upped their price target on shares of Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Mizuho upped their price target on shares of Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, TheStreet raised shares of Workday from a “c” rating to a “b-” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $293.61.

Workday Stock Performance

Shares of WDAY opened at $254.06 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $67.07 billion, a P/E ratio of 49.33, a P/E/G ratio of 6.42 and a beta of 1.32. The company’s fifty day moving average is $274.53 and its two-hundred day moving average is $263.53. Workday has a 1 year low of $174.25 and a 1 year high of $311.28.

Insider Buying and Selling at Workday

In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total value of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now owns 165,932 shares in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 435,691 shares of company stock worth $117,731,569. Corporate insiders own 21.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Equitable Trust Co. lifted its holdings in shares of Workday by 5.1% during the 1st quarter. Equitable Trust Co. now owns 883 shares of the software maker’s stock worth $241,000 after acquiring an additional 43 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Workday by 205.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,666 shares of the software maker’s stock worth $61,550,000 after purchasing an additional 151,765 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Workday by 2.1% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 42,857 shares of the software maker’s stock worth $11,689,000 after purchasing an additional 900 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in Workday during the 1st quarter worth approximately $205,000. Finally, CENTRAL TRUST Co increased its position in Workday by 8.3% during the 1st quarter. CENTRAL TRUST Co now owns 5,907 shares of the software maker’s stock worth $1,611,000 after purchasing an additional 451 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; 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.