Workday Inc (NASDAQ:WDAY) Expected to Post Earnings of $0.35 Per Share

Wall Street analysts expect Workday Inc (NASDAQ:WDAY) to announce earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks. Thirty Six analysts have issued estimates for Workday’s earnings, with estimates ranging from $0.29 to $0.46. Workday posted earnings of $0.31 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The business is scheduled to announce its next quarterly earnings results on Tuesday, September 3rd.

According to Zacks, analysts expect that Workday will report full year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.48 to $1.87. For the next fiscal year, analysts expect that the company will post earnings of $2.24 per share, with EPS estimates ranging from $1.89 to $2.64. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Workday.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, May 28th. The software maker reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.03). Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. The business had revenue of $825.10 million for the quarter, compared to the consensus estimate of $814.21 million. During the same period in the prior year, the business posted $0.33 earnings per share. Workday’s revenue was up 33.2% compared to the same quarter last year.

A number of equities analysts recently commented on the stock. Mitsubishi UFJ Financial Group raised their price target on shares of Workday from $215.00 to $244.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. UBS Group raised their price target on shares of Workday from $148.00 to $160.00 and gave the stock a “sell” rating in a research report on Wednesday, May 29th. Canaccord Genuity raised their target price on shares of Workday from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Wedbush raised their target price on shares of Workday from $209.00 to $211.00 and gave the company a “neutral” rating in a report on Wednesday, May 29th. Finally, Morgan Stanley raised their target price on shares of Workday from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $206.32.

NASDAQ:WDAY traded down $0.46 during mid-day trading on Friday, reaching $208.00. 1,056,979 shares of the company’s stock were exchanged, compared to its average volume of 2,058,267. Workday has a one year low of $117.24 and a one year high of $217.63. The firm has a market cap of $47.01 billion, a price-to-earnings ratio of -170.49 and a beta of 1.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

In other news, insider Robynne Sisco sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $195.29, for a total value of $7,811,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Petros Dermetzis sold 3,500 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $205.32, for a total transaction of $718,620.00. The disclosure for this sale can be found here. Insiders sold a total of 667,662 shares of company stock worth $129,194,842 in the last 90 days. Corporate insiders own 29.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. lifted its position in shares of Workday by 60.9% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock valued at $29,000 after acquiring an additional 56 shares during the period. Advisory Alpha LLC bought a new stake in Workday during the 1st quarter valued at $30,000. Lindbrook Capital LLC increased its stake in Workday by 149.2% during the 1st quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock valued at $29,000 after purchasing an additional 91 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in Workday during the 4th quarter valued at $26,000. Finally, Captrust Financial Advisors increased its stake in Workday by 60.0% during the 4th quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 67.23% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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