Brokerages Anticipate Workday Inc (NASDAQ:WDAY) Will Announce Earnings of $0.45 Per Share

Equities analysts predict that Workday Inc (NASDAQ:WDAY) will post earnings of $0.45 per share for the current fiscal quarter, according to Zacks. Twenty Seven analysts have provided estimates for Workday’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.38. Workday posted earnings per share of $0.41 during the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The business is scheduled to report its next earnings report on Thursday, February 27th.

On average, 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 $1.94. For the next year, analysts expect that the business will report earnings of $2.19 per share, with EPS estimates ranging from $1.91 to $2.62. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Workday.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, December 3rd. The software maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The company had revenue of $938.10 million for the quarter, compared to the consensus estimate of $920.65 million. Workday had a negative net margin of 13.29% and a negative return on equity of 11.63%. Workday’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share.

Several analysts have recently commented on the stock. KeyCorp set a $235.00 price target on shares of Workday and gave the company a “buy” rating in a research report on Thursday, August 29th. Goldman Sachs Group upgraded Workday from a “neutral” rating to a “buy” rating and set a $223.00 price objective on the stock in a report on Friday, October 11th. JMP Securities set a $225.00 price objective on Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. Canaccord Genuity cut their target price on Workday from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Bank of America restated a “buy” rating and issued a $260.00 target price on shares of Workday in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $208.06.

In other Workday news, Director David A. Duffield sold 271 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $184.71, for a total transaction of $50,056.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Duffield sold 300,785 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $166.27, for a total transaction of $50,011,521.95. The disclosure for this sale can be found here. Insiders have sold a total of 509,292 shares of company stock valued at $86,126,565 over the last 90 days. 29.80% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Workday by 7.7% in the second quarter. Vanguard Group Inc. now owns 9,609,541 shares of the software maker’s stock valued at $1,975,530,000 after purchasing an additional 683,181 shares during the period. Nuveen Asset Management LLC raised its position in Workday by 19,929.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 547,999 shares of the software maker’s stock valued at $112,658,000 after purchasing an additional 545,263 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Workday by 55.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 889,005 shares of the software maker’s stock valued at $151,095,000 after buying an additional 315,764 shares during the period. Nikko Asset Management Americas Inc. purchased a new position in shares of Workday in the 3rd quarter valued at about $44,215,000. Finally, Whale Rock Capital Management LLC boosted its stake in shares of Workday by 52.6% in the 2nd quarter. Whale Rock Capital Management LLC now owns 572,963 shares of the software maker’s stock valued at $117,790,000 after buying an additional 197,394 shares during the period. Institutional investors and hedge funds own 67.09% of the company’s stock.

Workday stock opened at $166.22 on Monday. The firm has a 50 day simple moving average of $165.34 and a 200-day simple moving average of $187.90. The stock has a market cap of $36.70 billion, a price-to-earnings ratio of -136.25 and a beta of 1.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.19 and a quick ratio of 0.81. Workday has a 1-year low of $141.70 and a 1-year high of $226.83.

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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