What is DA Davidson’s Estimate for Workday FY2026 Earnings?

Workday, Inc. (NASDAQ:WDAY) – Research analysts at DA Davidson cut their FY2026 EPS estimates for Workday in a note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the software maker will earn $3.50 per share for the year, down from their prior forecast of $3.74. DA Davidson has a “Neutral” rating and a $230.00 price target on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. DA Davidson also issued estimates for Workday’s FY2027 earnings at $4.36 EPS.

A number of other analysts have also recently commented on WDAY. Mizuho dropped their target price on shares of Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley cut their price objective on shares of Workday from $275.00 to $250.00 and set an “equal weight” rating on the stock in a report on Wednesday. Oppenheimer raised their target price on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group reduced their price objective on Workday from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $296.25.

Workday Price Performance

Shares of WDAY stock opened at $221.02 on Thursday. The business’s fifty day moving average is $244.84 and its 200 day moving average is $252.32. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $58.79 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32. Workday has a twelve month low of $199.81 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 81,275 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now directly owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 321,724 shares of company stock worth $77,976,126. 20.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Workday

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in shares of Workday during the 3rd quarter valued at about $2,289,000. Anchor Investment Management LLC raised its stake in Workday by 6.1% during the 3rd quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker’s stock worth $1,552,000 after acquiring an additional 368 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Workday during the third quarter valued at approximately $4,893,000. Tidal Investments LLC boosted its position in shares of Workday by 43.8% in the third quarter. Tidal Investments LLC now owns 13,546 shares of the software maker’s stock worth $3,311,000 after purchasing an additional 4,128 shares during the period. Finally, Synovus Financial Corp increased its stake in shares of Workday by 5.7% in the third quarter. Synovus Financial Corp now owns 19,590 shares of the software maker’s stock worth $4,788,000 after purchasing an additional 1,051 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.