Workday, Inc. (WDAY) Expected to Announce Earnings of $0.26 Per Share

Analysts expect Workday, Inc. (NASDAQ:WDAY) to announce earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks reports. Thirty Six analysts have issued estimates for Workday’s earnings, with estimates ranging from $0.19 to $0.32. Workday posted earnings of $0.29 per share in the same quarter last year, which would suggest a negative year over year growth rate of 10.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, June 7th.

According to Zacks, analysts expect that Workday will report full year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.38. For the next financial year, analysts forecast that the business will post earnings of $1.63 per share, with EPS estimates ranging from $1.33 to $1.96. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Workday.

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Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Workday had a negative return on equity of 16.31% and a negative net margin of 14.99%. The business had revenue of $582.48 million during the quarter, compared to the consensus estimate of $573.41 million.

Several equities research analysts have recently commented on the company. Monness Crespi & Hardt assumed coverage on Workday in a report on Wednesday, April 11th. They set a “buy” rating and a $156.00 target price for the company. KeyCorp upped their target price on Workday from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. ValuEngine raised Workday from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BidaskClub raised Workday from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Finally, Citigroup upped their target price on Workday from $85.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Workday currently has a consensus rating of “Buy” and an average price target of $122.78.

Shares of NASDAQ WDAY opened at $126.83 on Friday. Workday has a 12 month low of $82.57 and a 12 month high of $140.00. The firm has a market cap of $26,189.10, a PE ratio of -99.87 and a beta of 1.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.92 and a quick ratio of 1.92.

In other news, insider Robynne Sisco sold 38,750 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $126.10, for a total transaction of $4,886,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Duffield sold 397,053 shares of the firm’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $125.96, for a total value of $50,012,795.88. The disclosure for this sale can be found here. Insiders have sold a total of 629,483 shares of company stock valued at $79,791,731 over the last ninety days. Company insiders own 37.71% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Workday by 8.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 250,709 shares of the software maker’s stock valued at $25,508,000 after acquiring an additional 19,446 shares during the last quarter. Beech Hill Advisors Inc. acquired a new stake in Workday in the 4th quarter valued at approximately $275,000. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Workday by 3.2% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 610,443 shares of the software maker’s stock valued at $62,106,000 after buying an additional 19,122 shares during the last quarter. US Bancorp DE grew its holdings in Workday by 7.1% in the 4th quarter. US Bancorp DE now owns 14,841 shares of the software maker’s stock valued at $1,511,000 after buying an additional 985 shares during the last quarter. Finally, National Pension Service grew its holdings in Workday by 2.0% in the 4th quarter. National Pension Service now owns 147,624 shares of the software maker’s stock valued at $15,019,000 after buying an additional 2,871 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

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About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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