Q3 Earnings Estimate for Workday Issued By DA Davidson

Workday, Inc. (NASDAQ:WDAY) – Research analysts at DA Davidson issued their Q3 2026 EPS estimates for Workday in a research note issued to investors on Friday, August 22nd. DA Davidson analyst G. Luria anticipates that the software maker will post earnings of $0.94 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $250.00 price target on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. DA Davidson also issued estimates for Workday’s FY2026 earnings at $3.79 EPS and FY2027 earnings at $4.96 EPS.

WDAY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $340.00 price target on shares of Workday in a research report on Friday, August 22nd. Barclays dropped their price target on shares of Workday from $321.00 to $298.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Finally, Loop Capital dropped their price target on shares of Workday from $285.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $286.81.

Workday Price Performance

Shares of Workday stock opened at $222.88 on Monday. The company has a current ratio of 2.10, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $231.55 and its two-hundred day moving average price is $241.76. Workday has a 52 week low of $205.33 and a 52 week high of $294.00. The stock has a market cap of $59.51 billion, a PE ratio of 103.19, a price-to-earnings-growth ratio of 3.31 and a beta of 1.24.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business earned $1.75 earnings per share. Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

Insider Activity at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the transaction, the director owned 67,500 shares of the company’s stock, valued at $16,767,675. The trade was a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total value of $105,921.86. Following the completion of the sale, the chief accounting officer directly owned 42,977 shares of the company’s stock, valued at approximately $10,093,578.22. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 325,880 shares of company stock worth $78,449,679. Company insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA increased its holdings in shares of Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock worth $74,000 after purchasing an additional 42 shares during the period. Salvus Wealth Management LLC grew its holdings in shares of Workday by 2.8% during the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock worth $387,000 after purchasing an additional 45 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Workday by 1.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after purchasing an additional 45 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Workday by 15.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after purchasing an additional 46 shares during the period. Finally, AE Wealth Management LLC increased its position in shares of Workday by 0.4% during the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.