Zacks Research Issues Negative Estimate for Workday Earnings

Workday, Inc. (NASDAQ:WDAY) – Zacks Research reduced their Q4 2027 earnings per share estimates for Workday in a research note issued on Tuesday, December 16th. Zacks Research analyst Team now expects that the software maker will post earnings of $1.29 per share for the quarter, down from their prior forecast 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.

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

A number of other equities analysts have also weighed in on the company. Wells Fargo & Company reduced their price objective on Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Workday from $330.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Raymond James Financial initiated coverage on Workday in a research report on Friday, November 21st. They issued a “market perform” rating on the stock. Barclays cut their target price on shares of Workday from $288.00 to $280.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Morgan Stanley raised their price target on shares of Workday from $255.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $282.22.

Workday Trading Up 1.0%

NASDAQ WDAY opened at $218.08 on Friday. Workday has a 1 year low of $205.33 and a 1 year high of $283.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $57.36 billion, a PE ratio of 91.63, a P/E/G ratio of 2.45 and a beta of 1.15. The company has a fifty day moving average of $227.36 and a 200 day moving average of $232.05.

Insiders Place Their Bets

In other Workday news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated Tuesday, October 7th. The shares were 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 in the company, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 1,915 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the transaction, the chief accounting officer owned 37,351 shares in the company, valued at approximately $8,925,394.96. This represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 332,508 shares of company stock valued at $75,305,836. Corporate insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Workday by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock worth $5,247,687,000 after acquiring an additional 684,872 shares during the last quarter. State Street Corp grew its holdings in shares of Workday by 0.8% in 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 purchasing an additional 74,052 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. Geode Capital Management LLC raised its stake in Workday by 2.9% during the second 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 valued at $905,530,000 after purchasing an additional 1,103,421 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Company Profile

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.