Zacks Research Predicts Workday’s Q4 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Research analysts at Zacks Research reduced their Q4 2026 EPS estimates for shares of Workday in a report issued on Monday, April 21st. Zacks Research analyst R. Department now forecasts that the software maker will post earnings of $0.93 per share for the quarter, down from their previous estimate of $0.95. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday’s Q4 2027 earnings at $1.31 EPS and FY2028 earnings at $5.35 EPS.

Several other research firms also recently commented on WDAY. The Goldman Sachs Group increased their price objective on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. UBS Group raised their price target on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Mizuho lowered their price target on shares of Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada increased their price objective on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, Morgan Stanley lowered their target price on Workday from $275.00 to $250.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Ten equities 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. According to MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average price target of $292.86.

Workday Price Performance

Shares of Workday stock opened at $224.87 on Wednesday. The stock has a market capitalization of $59.82 billion, a P/E ratio of 37.29, a PEG ratio of 3.55 and a beta of 1.32. The business has a 50 day simple moving average of $241.68 and a two-hundred day simple moving average of $251.76. Workday has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WDAY. Beech Hill Advisors Inc. lifted its stake in Workday by 2.1% in the first quarter. Beech Hill Advisors Inc. now owns 6,709 shares of the software maker’s stock valued at $1,567,000 after buying an additional 135 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Workday by 10.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,532 shares of the software maker’s stock valued at $825,000 after purchasing an additional 339 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Workday by 1.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 354,398 shares of the software maker’s stock valued at $82,763,000 after purchasing an additional 4,160 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Workday by 12.5% during the 1st quarter. Perigon Wealth Management LLC now owns 1,823 shares of the software maker’s stock worth $426,000 after purchasing an additional 202 shares during the period. Finally, New World Advisors LLC grew its position in Workday by 16.8% during the 1st quarter. New World Advisors LLC now owns 1,654 shares of the software maker’s stock worth $386,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock valued at $77,976,126 in the last 90 days. Company insiders own 20.00% of the company’s stock.

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.