Workday, Inc. (NASDAQ:WDAY) to Post FY2027 Earnings of $2.68 Per Share, Zacks Research Forecasts

Workday, Inc. (NASDAQ:WDAY) – Investment analysts at Zacks Research cut their FY2027 earnings per share (EPS) estimates for shares of Workday in a research note issued on Tuesday, April 30th. Zacks Research analyst R. Department now forecasts that the software maker will post earnings per share of $2.68 for the year, down from their previous forecast of $2.79. The consensus estimate for Workday’s current full-year earnings is $1.76 per share.

Workday (NASDAQ:WDAY) last posted its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) earnings per share.

Several other equities research analysts have also issued reports on the company. Mizuho raised their price objective on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Guggenheim restated a “sell” rating and issued a $190.00 price target on shares of Workday in a research report on Tuesday, February 27th. Needham & Company LLC boosted their price objective on shares of Workday from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Stifel Nicolaus increased their target price on shares of Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, KeyCorp lifted their price target on shares of Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Workday Stock Up 2.0 %

Shares of NASDAQ:WDAY opened at $255.78 on Friday. The company has a market cap of $67.53 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 6.27 and a beta of 1.33. Workday has a 12 month low of $174.25 and a 12 month high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $268.07 and a 200 day moving average price of $264.85.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,690,743.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 435,691 shares of company stock worth $117,731,569. Insiders own 21.09% of the company’s stock.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently modified their holdings of the company. Vontobel Holding Ltd. raised its position in Workday by 5.1% during the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after buying an additional 3,260 shares during the last quarter. Morgan Stanley lifted its position in Workday by 47.0% during the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the period. QRG Capital Management Inc. purchased a new stake in Workday in the third quarter valued at $345,000. Assenagon Asset Management S.A. boosted its holdings in Workday by 58.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock valued at $76,902,000 after purchasing an additional 103,171 shares during the last quarter. Finally, Mariner LLC grew its position in Workday by 21.1% during the 3rd quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock worth $6,081,000 after purchasing an additional 4,927 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

About Workday

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.