What is DA Davidson’s Estimate for Workday Q2 Earnings?

Workday, Inc. (NASDAQ:WDAY) – Analysts at DA Davidson issued their Q2 2026 EPS estimates for Workday in a research report issued to clients and investors on Friday, May 23rd. DA Davidson analyst G. Luria anticipates that the software maker will post earnings per share of $0.93 for the quarter. DA Davidson has a “Neutral” rating and a $250.00 price objective on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business earned $1.74 earnings per share. The business’s quarterly revenue was up 12.6% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus decreased their target price on shares of Workday from $310.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Friday. UBS Group upped their price objective on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of Workday from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Piper Sandler upped their price objective on shares of Workday from $230.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $293.54.

Workday Stock Down 12.5%

Shares of NASDAQ WDAY opened at $238.01 on Monday. Workday has a one year low of $199.81 and a one year 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. The firm’s 50 day simple moving average is $242.57 and its two-hundred day simple moving average is $254.19. The stock has a market capitalization of $63.31 billion, a P/E ratio of 39.47, a PEG ratio of 3.55 and a beta of 1.30.

Insider Activity

In other news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated 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 completion of the transaction, the insider now owns 111,324 shares of the company’s stock, valued at $29,556,522. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. This represents a 1.42% 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. Corporate insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its position in Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares during the last quarter. Focus Partners Wealth raised its position in Workday by 6.6% in the 1st quarter. Focus Partners Wealth now owns 186,096 shares of the software maker’s stock worth $43,459,000 after buying an additional 11,492 shares during the last quarter. Anchor Investment Management LLC raised its position in Workday by 3.5% in the 1st quarter. Anchor Investment Management LLC now owns 7,255 shares of the software maker’s stock worth $1,694,000 after buying an additional 245 shares during the last quarter. SCS Capital Management LLC purchased a new position in Workday in the 1st quarter worth about $2,756,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Workday by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,245,249 shares of the software maker’s stock worth $524,333,000 after buying an additional 54,079 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Company Profile

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.