Equities research analysts expect Workday Inc (NASDAQ:WDAY) to post earnings of $0.31 per share for the current quarter, Zacks reports. Thirty Five analysts have made estimates for Workday’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.23. Workday reported earnings of $0.24 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.2%. The business is expected to announce its next earnings results on Wednesday, December 5th.
According to Zacks, analysts expect that Workday will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.40. For the next financial year, analysts forecast that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.37 to $1.97. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Workday.
Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Workday had a negative net margin of 14.53% and a negative return on equity of 14.60%. The company had revenue of $671.70 million for the quarter, compared to the consensus estimate of $663.38 million. During the same quarter in the prior year, the company earned $0.24 EPS. Workday’s quarterly revenue was up 27.9% on a year-over-year basis.
Several brokerages recently weighed in on WDAY. UBS Group increased their price target on shares of Workday to $169.00 and gave the stock a “positive” rating in a report on Tuesday. Monness Crespi & Hardt reiterated a “buy” rating and issued a $175.00 price target (up previously from $158.00) on shares of Workday in a report on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a $175.00 price target (up previously from $145.00) on shares of Workday in a report on Wednesday. Stifel Nicolaus increased their price target on shares of Workday from $115.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Jefferies Financial Group increased their price target on shares of Workday to $141.00 and gave the stock a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $144.55.
In related news, insider Gomez Luciano Fernandez sold 3,483 shares of Workday stock in a transaction on Tuesday, July 17th. The shares were sold at an average price of $132.97, for a total value of $463,134.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robynne Sisco sold 3,600 shares of Workday stock in a transaction on Monday, July 16th. The shares were sold at an average price of $133.31, for a total transaction of $479,916.00. The disclosure for this sale can be found here. Insiders sold a total of 446,338 shares of company stock worth $57,004,552 in the last three months. 33.59% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in Workday by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,090,009 shares of the software maker’s stock valued at $392,772,000 after acquiring an additional 39,749 shares during the period. Franklin Resources Inc. grew its stake in Workday by 19.7% in the 1st quarter. Franklin Resources Inc. now owns 1,342,790 shares of the software maker’s stock valued at $170,682,000 after acquiring an additional 220,640 shares during the period. Federated Investors Inc. PA grew its stake in Workday by 22.3% in the 1st quarter. Federated Investors Inc. PA now owns 1,296,567 shares of the software maker’s stock valued at $164,807,000 after acquiring an additional 236,811 shares during the period. First Trust Advisors LP grew its stake in Workday by 43.3% in the 2nd quarter. First Trust Advisors LP now owns 989,908 shares of the software maker’s stock valued at $119,898,000 after acquiring an additional 299,251 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Workday by 5.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 676,374 shares of the software maker’s stock valued at $81,922,000 after acquiring an additional 32,119 shares during the period. 67.96% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:WDAY traded down $14.48 during midday trading on Friday, hitting $142.21. The company’s stock had a trading volume of 6,441,200 shares, compared to its average volume of 1,756,830. Workday has a fifty-two week low of $95.35 and a fifty-two week high of $157.12. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.57. The company has a market cap of $33.38 billion, a PE ratio of -113.42 and a beta of 2.02.
Workday Company Profile
Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.
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