What is KeyCorp’s Estimate for Workday Q3 Earnings?

Workday, Inc. (NASDAQ:WDAY) – Equities research analysts at KeyCorp issued their Q3 2027 earnings per share estimates for Workday in a report issued on Thursday, October 15th. KeyCorp analyst J. Celino expects that the software maker will post earnings per share of $1.31 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Workday’s current full-year earnings is $5.33 per share. KeyCorp also issued estimates for Workday’s Q4 2027 earnings at $1.29 EPS, FY2027 earnings at $5.19 EPS and FY2028 earnings at $7.98 EPS.

Several other research firms have also recently issued reports on WDAY. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Stifel Nicolaus raised their target price on shares of Workday from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 15th. Capital One Financial set a $219.00 price target on shares of Workday and gave the company an “equal weight” rating in a research note on Friday, August 28th. Citigroup reaffirmed a “neutral” rating on shares of Workday in a research note on Tuesday, October 6th. Finally, Monness Crespi & Hardt boosted their price target on Workday from $202.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 28th. Nineteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $205.03.

Workday Trading Up 4.5%

Shares of WDAY opened at $203.98 on Wednesday. Workday has a 1-year low of $110.36 and a 1-year high of $247.40. The company has a 50-day moving average of $192.45 and a 200 day moving average of $154.82. The firm has a market capitalization of $49.16 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.96 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 earnings per share.

Institutional Investors Weigh In On Workday

A number of institutional investors have recently added to or reduced their stakes in WDAY. CoreCap Advisors LLC raised its holdings in Workday by 55.9% in the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after purchasing an additional 62 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Workday during the first quarter valued at about $39,000. Manning & Napier Advisors LLC acquired a new stake in Workday in the second quarter valued at approximately $42,000. GK Wealth Management LLC acquired a new position in shares of Workday during the third quarter worth $72,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Workday by 1,097.0% during the second quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock worth $48,000 after purchasing an additional 362 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, major shareholder David Duffield sold 100,780 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $19,501,296.36. This represents a 48.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 988,104 shares of company stock valued at $188,811,574. Insiders own 18.64% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Investor enthusiasm centered on Workday’s AI push, including its partnership with Anthropic to connect Claude with Workday Sana and its HR and finance business-rule framework. The company also introduced infrastructure for building and governing AI agents and plans to acquire C1.ai, an identity platform intended to secure access for employees and AI agents. Management reiterated long-term targets of approximately 11% subscription growth and a non-GAAP operating margin above 33%. Workday rises on AI product push, Anthropic partnership, and C1.ai deal
• Positive Sentiment: Workday was named a Leader in Gartner’s 2026 Magic Quadrant for Cloud ERP Finance. The recognition may strengthen the company’s credibility with enterprise customers and support its positioning in cloud finance software. Workday Named a Leader in 2026 Gartner Magic Quadrant for Cloud ERP Finance
• Positive Sentiment: A valuation analysis from GuruFocus described WDAY as undervalued based on its GF Value, suggesting potential upside despite the recent advance. Is It Too Late to Buy Workday After Rally?
• Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating while publishing 2028 quarterly EPS estimates ranging from $1.71 to $2.27. The estimates indicate expected earnings growth but do not represent a bullish rating change.
• Negative Sentiment: KeyBanc downgraded Workday to “Sector Weight,” adding pressure to the investment case. Separately, 10 analyst price targets carried a median of $154.50, well below the current trading level, implying valuation concerns. Workday Shares Fall on KeyBanc Downgrade
• Negative Sentiment: Insider activity was heavily skewed toward selling: company insiders made 149 sales and no purchases over the past six months. Institutional positioning was mixed, with 476 investors adding shares and 481 reducing positions.

About Workday

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.