Workday (NASDAQ:WDAY) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Workday (NASDAQ:WDAY) posted its earnings results on Tuesday. The software maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16, Briefing.com reports. The firm had revenue of $938.10 million during the quarter, compared to analysts’ expectations of $920.65 million. Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share.

Shares of WDAY opened at $173.50 on Wednesday. The stock’s 50-day moving average price is $165.95 and its two-hundred day moving average price is $188.61. Workday has a 12 month low of $141.70 and a 12 month high of $226.83. The company has a market capitalization of $40.84 billion, a PE ratio of -142.21 and a beta of 1.54. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

In related news, Director David A. Duffield sold 271 shares of Workday stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $184.71, for a total transaction of $50,056.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robynne Sisco sold 10,238 shares of Workday stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $182.42, for a total transaction of $1,867,615.96. The disclosure for this sale can be found here. Insiders sold a total of 509,292 shares of company stock worth $86,126,565 in the last quarter. Corporate insiders own 29.80% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Compass Point assumed coverage on shares of Workday in a report on Tuesday, August 13th. They set a “buy” rating and a $238.00 price target on the stock. Citigroup upgraded shares of Workday from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $138.00 to $192.00 in a research report on Friday, August 30th. Guggenheim set a $235.00 price objective on shares of Workday and gave the company a “buy” rating in a research note on Thursday, October 17th. Barclays set a $175.00 target price on shares of Workday and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Mizuho set a $225.00 target price on shares of Workday and gave the stock a “buy” rating in a research note on Friday, August 30th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Workday presently has an average rating of “Hold” and a consensus target price of $213.06.

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 for Workday (NASDAQ:WDAY)

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