Zacks Research Has Bearish Forecast for Workday Q4 Earnings

Workday, Inc. (NASDAQ:WDAY) – Zacks Research decreased their Q4 2026 earnings estimates for shares of Workday in a report issued on Monday, April 28th. Zacks Research analyst R. Department now forecasts that the software maker will earn $0.92 per share for the quarter, down from their prior estimate of $0.93. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

Other research analysts also recently issued reports about the stock. Redburn Atlantic initiated coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Jefferies Financial Group cut their target price on Workday from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. boosted their target price on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Daiwa America raised Workday to a “strong-buy” rating in a report on Tuesday, March 4th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $292.86.

Workday Trading Up 0.7 %

Shares of NASDAQ:WDAY opened at $245.00 on Wednesday. Workday has a 52 week low of $199.81 and a 52 week high of $294.00. The company’s 50 day moving average is $239.72 and its two-hundred day moving average is $251.78. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $65.17 billion, a PE ratio of 40.63, a P/E/G ratio of 3.55 and a beta of 1.32.

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

Insiders Place Their Bets

In related news, insider Sayan Chakraborty sold 6,056 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the sale, the insider now owns 111,324 shares in the company, valued at $29,556,522. This represents a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 66,455 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,729,781.44. This represents a 39.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 321,724 shares of company stock worth $77,976,126. Company insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently bought and sold shares of the stock. Roxbury Financial LLC purchased a new position in shares of Workday during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new stake in shares of Workday during the 4th quarter worth about $26,000. Avion Wealth grew its holdings in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 54 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 89.81% 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.