Workday, Inc. (NASDAQ:WDAY) to Post FY2027 Earnings of $2.79 Per Share, Zacks Research Forecasts

Workday, Inc. (NASDAQ:WDAY) – Analysts at Zacks Research upped their FY2027 earnings estimates for shares of Workday in a research note issued on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the software maker will post earnings of $2.79 per share for the year, up from their previous forecast of $2.78. The consensus estimate for Workday’s current full-year earnings is $1.76 per share.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. Workday’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) EPS.

A number of other research analysts have also issued reports on WDAY. The Goldman Sachs Group upped their price target on shares of Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley cut their price target on shares of Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. DA Davidson restated a “neutral” rating and set a $300.00 price target on shares of Workday in a research note on Tuesday, February 27th. BMO Capital Markets upped their price target on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Finally, StockNews.com lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday Trading Down 0.7 %

NASDAQ WDAY opened at $254.06 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm has a market cap of $67.07 billion, a PE ratio of 49.33, a price-to-earnings-growth ratio of 6.42 and a beta of 1.32. The company has a 50 day moving average price of $274.53 and a 200 day moving average price of $263.53. Workday has a 52 week low of $174.25 and a 52 week high of $311.28.

Hedge Funds Weigh In On Workday

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Workday by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock worth $3,988,549,000 after buying an additional 437,215 shares in the last quarter. Norges Bank purchased a new position in shares of Workday in the fourth quarter worth about $1,491,149,000. Wellington Management Group LLP lifted its stake in shares of Workday by 37.4% in the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock worth $1,109,348,000 after buying an additional 1,406,153 shares in the last quarter. Polen Capital Management LLC lifted its stake in shares of Workday by 2.0% in the third quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock worth $848,726,000 after buying an additional 78,352 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock valued at $117,731,569 over the last ninety days. Corporate insiders own 21.09% of the company’s stock.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.