Zacks Research Has Positive Estimate for Workday Q3 Earnings

Workday, Inc. (NASDAQ:WDAY) – Analysts at Zacks Research boosted their Q3 2027 earnings per share estimates for shares of Workday in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the software maker will earn $1.30 per share for the quarter, up from their prior estimate of $1.18. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday’s Q4 2027 earnings at $1.32 EPS.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%.

Other equities analysts have also recently issued reports about the company. Bank of America cut their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and increased their target price for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Morgan Stanley cut Workday from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. Finally, Guggenheim restated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.36.

Workday Price Performance

Workday stock opened at $250.47 on Thursday. Workday has a 52-week low of $199.81 and a 52-week high of $294.00. The stock’s 50 day moving average price is $256.76 and its two-hundred day moving average price is $255.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $66.63 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.55 and a beta of 1.38.

Institutional Trading of Workday

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock valued at $5,197,447,000 after acquiring an additional 4,517,272 shares during the last quarter. Janus Henderson Group PLC lifted its position in Workday by 10.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after buying an additional 480,459 shares during the last quarter. State Street Corp lifted its position in Workday by 1.4% in the 3rd quarter. State Street Corp now owns 4,842,729 shares of the software maker’s stock worth $1,183,611,000 after buying an additional 67,380 shares during the last quarter. Geode Capital Management LLC lifted its position in Workday by 61.9% in the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker’s stock worth $1,193,105,000 after buying an additional 1,772,223 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Workday by 60.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker’s stock worth $960,454,000 after buying an additional 1,406,088 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the completion of the transaction, the insider now owns 228,000 shares of the company’s stock, valued at $60,579,600. The trade was a 19.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Harry Sauer sold 3,677 shares of Workday stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $251.90, for a total value of $926,236.30. Following the sale, the insider now owns 79,576 shares of the company’s stock, valued at approximately $20,045,194.40. This trade represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 473,001 shares of company stock valued at $120,614,400 in the last quarter. 20.00% of the stock is currently owned by corporate insiders.

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.