KeyCorp Predicts Workday’s Q1 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Analysts at KeyCorp issued their Q1 2028 earnings per share (EPS) estimates for shares of Workday in a note issued to investors on Thursday, October 15th. KeyCorp analyst J. Celino anticipates that the software maker will earn $1.71 per share for the quarter. KeyCorp 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 Q2 2028 earnings at $1.94 EPS, Q3 2028 earnings at $2.05 EPS and Q4 2028 earnings at $2.27 EPS.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Workday in a research report on Thursday. Capital One Financial set a $219.00 price target on shares of Workday and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Mizuho set a $210.00 price objective on shares of Workday in a research note on Wednesday, October 14th. Freedom Broker cut shares of Workday from a “buy” rating to a “hold” rating and upped their price objective for the company from $180.00 to $200.00 in a research note on Friday, August 28th. Finally, Guggenheim reiterated a “buy” rating and issued a $275.00 price objective on shares of Workday in a report on Friday, August 21st. Nineteen research 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, Workday currently has a consensus rating of “Hold” and an average price target of $205.03.

Workday Trading Up 2.3%

Shares of WDAY opened at $195.20 on Tuesday. Workday has a 52-week low of $110.36 and a 52-week high of $247.40. The stock has a market cap of $47.04 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The firm’s fifty day moving average is $192.00 and its two-hundred day moving average is $154.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

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

Insider Buying and Selling at Workday

In other news, major shareholder David Duffield sold 100,780 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $19,501,296.36. The trade was a 48.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 988,104 shares of company stock worth $188,811,574. Insiders own 18.64% of the company’s stock.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently bought and sold shares of the company. Net Worth Advisory Group purchased a new stake in Workday in the 3rd quarter valued at about $349,000. CWA Asset Management Group LLC acquired a new stake in shares of Workday during the third quarter valued at about $238,000. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Workday during the third quarter valued at about $793,000. Frank Rimerman Advisors LLC raised its stake in shares of Workday by 6.2% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,719 shares of the software maker’s stock valued at $899,000 after acquiring an additional 277 shares during the period. Finally, Gemmer Asset Management LLC purchased a new stake in shares of Workday in the 3rd quarter valued at approximately $249,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.