Zacks Research Issues Positive Estimate for Workday Earnings

Workday, Inc. (NASDAQ:WDAY) – Research analysts at Zacks Research upped their FY2028 EPS estimates for shares of Workday in a report released on Monday, August 18th. Zacks Research analyst Team now forecasts that the software maker will post earnings per share of $5.64 for the year, up from their previous estimate of $5.56. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. Workday has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS.

A number of other analysts also recently weighed in on WDAY. Citigroup downgraded shares of Workday from a “neutral” rating to a “mixed” rating in a research report on Friday, May 16th. Westpark Capital increased their price target on shares of Workday from $315.00 to $328.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Bank of America cut their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley set a $255.00 price target on shares of Workday and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Finally, Piper Sandler reiterated an “underweight” rating and issued a $235.00 price target (down from $255.00) on shares of Workday in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average target price of $292.92.

Workday Stock Down 0.9%

Shares of NASDAQ WDAY opened at $229.79 on Tuesday. The firm has a market capitalization of $61.35 billion, a PE ratio of 126.96, a price-to-earnings-growth ratio of 3.50 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday has a 1 year low of $205.33 and a 1 year high of $294.00. The firm’s 50-day moving average is $233.79 and its 200-day moving average is $243.31.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares in the company, valued at approximately $352,440.96. This trade represents a 80.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 72,551 shares of Workday stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total transaction of $17,383,945.11. Following the completion of the sale, the insider owned 102,997 shares in the company, valued at $24,679,111.17. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 329,005 shares of company stock worth $79,203,523. Corporate insiders own 20.00% of the company’s stock.

Institutional Trading of Workday

A number of hedge funds and other institutional investors have recently made changes to their positions in WDAY. Brighton Jones LLC raised its holdings in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Workday by 24.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker’s stock valued at $793,000 after purchasing an additional 595 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Workday by 12.9% in the fourth quarter. NewEdge Advisors LLC now owns 5,061 shares of the software maker’s stock valued at $1,306,000 after purchasing an additional 580 shares during the last quarter. Commerce Bank raised its holdings in shares of Workday by 502.7% in the fourth quarter. Commerce Bank now owns 15,416 shares of the software maker’s stock valued at $3,978,000 after purchasing an additional 12,858 shares during the last quarter. Finally, GeoWealth Management LLC raised its holdings in shares of Workday by 12.3% in the fourth quarter. GeoWealth Management LLC now owns 2,153 shares of the software maker’s stock valued at $556,000 after purchasing an additional 235 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.