FY2026 EPS Estimates for Workday Lifted by Zacks Research

Workday, Inc. (NASDAQ:WDAY) – Research analysts at Zacks Research increased their FY2026 EPS estimates for shares of Workday in a research report issued to clients and investors on Monday, August 18th. Zacks Research analyst Team now forecasts that the software maker will post earnings per share of $3.57 for the year, up from their prior forecast of $3.56. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday’s Q4 2026 earnings at $0.96 EPS, Q1 2027 earnings at $0.95 EPS, FY2027 earnings at $4.70 EPS and Q2 2028 earnings at $1.16 EPS.

Other analysts have also recently issued reports about the stock. Citigroup cut shares of Workday from a “neutral” rating to a “mixed” rating in a research note on Friday, May 16th. Oppenheimer cut their target price on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Morgan Stanley set a $255.00 target price on shares of Workday and gave the company an “equal weight” rating in a report on Friday, May 23rd. Cantor Fitzgerald set a $265.00 target price on shares of Workday in a report on Thursday, August 14th. Finally, Loop Capital cut their target price on shares of Workday from $285.00 to $250.00 and set a “hold” rating for the company in a report on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus target price of $292.92.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $227.49 on Wednesday. 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 12 month low of $205.33 and a 12 month high of $294.00. The company has a 50 day simple moving average of $233.31 and a two-hundred day simple moving average of $243.20. The stock has a market cap of $60.74 billion, a price-to-earnings ratio of 125.69, a PEG ratio of 3.47 and a beta of 1.24.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business earned $1.74 EPS. Workday’s revenue for the quarter was up 12.6% on a year-over-year basis.

Institutional Investors Weigh In On Workday

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Workday by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after buying an additional 515,529 shares in the last quarter. State Street Corp grew its holdings in shares of Workday by 3.3% during the second quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock worth $2,304,124,000 after buying an additional 303,713 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Workday by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock valued at $1,183,112,000 after acquiring an additional 140,042 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Workday by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after acquiring an additional 14,354 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, CAO Mark S. Garfield sold 451 shares of the company’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the sale, the chief accounting officer owned 42,977 shares of the company’s stock, valued at $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was 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 of the company’s stock, valued at $352,440.96. The trade was a 80.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 329,005 shares of company stock valued at $79,203,523. 19.31% of the stock is owned by company insiders.

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.