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

Workday, Inc. (NASDAQ:WDAY) – Equities researchers at Zacks Research dropped their Q4 2027 EPS estimates for Workday in a research note issued on Tuesday, December 16th. Zacks Research analyst Team now forecasts that the software maker will earn $1.29 per share for the quarter, down from their previous estimate of $1.44. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday’s Q2 2028 earnings at $1.37 EPS.

Several other equities research analysts also recently commented on WDAY. Stifel Nicolaus reduced their price objective on Workday from $255.00 to $235.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Loop Capital set a $280.00 price target on shares of Workday in a report on Wednesday, December 10th. Macquarie reiterated a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. Finally, Royal Bank Of Canada cut their target price on shares of Workday from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $282.22.

Workday Stock Up 0.3%

WDAY stock opened at $218.63 on Friday. The stock has a market capitalization of $57.50 billion, a P/E ratio of 91.86, a P/E/G ratio of 2.47 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. Workday has a 1-year low of $205.33 and a 1-year high of $283.68. The business has a fifty day moving average price of $227.07 and a 200-day moving average price of $231.85.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Workday by 3.2% during the third quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock valued at $5,247,687,000 after buying an additional 684,872 shares during the last quarter. State Street Corp grew its stake in Workday by 0.8% during the third quarter. State Street Corp now owns 9,674,568 shares of the software maker’s stock valued at $2,328,959,000 after acquiring an additional 74,052 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Workday by 47.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after acquiring an additional 1,882,391 shares during the last quarter. Geode Capital Management LLC lifted its stake in Workday by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock worth $1,183,112,000 after purchasing an additional 140,042 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Workday by 41.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after purchasing an additional 1,103,421 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the sale, the director owned 24,078 shares of the company’s stock, valued at $5,662,182.48. The trade was a 18.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the sale, the chief financial officer owned 168,468 shares of the company’s stock, valued at $39,189,026.16. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 332,508 shares of company stock worth $75,305,836. Insiders own 19.31% of the company’s stock.

Key Stores Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: BTIG initiated coverage with a Buy and a $285 price target, calling Workday’s outlook “de‑risked” and implying substantial upside from the current level — a clear positive catalyst for buyers. Article Title
• Positive Sentiment: Mizuho Securities reiterated its Buy rating on WDAY, providing additional analyst support that can sustain upward momentum. Article Title
• Neutral Sentiment: Zacks issued mixed estimate changes — they raised their Q2 2028 EPS view (from $1.20 to $1.37) but cut Q4 2027 EPS (from $1.44 to $1.29) and maintain a Hold rating. The revisions suggest near‑term quarter timing differences but leave consensus full‑year views largely intact. Article Title
• Neutral Sentiment: William Blair included Workday among its top picks, adding a modest positive narrative for longer‑term investors but not an immediate earnings or guidance change. Article Title
• Negative Sentiment: Major insider selling: founder/major shareholder David Duffield sold 81,434 shares (about a 43.7% reduction in his disclosed position) in a December 16 filing — a sizable liquidity event that can weigh on sentiment and introduce short‑term selling pressure. Article Title

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.