DA Davidson Issues Pessimistic Forecast for Workday Earnings

Workday, Inc. (NASDAQ:WDAY) – Stock analysts at DA Davidson decreased their Q1 2026 EPS estimates for Workday in a research report issued to clients and investors on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $0.80 per share for the quarter, down from their prior forecast of $0.82. DA Davidson has a “Neutral” rating and a $230.00 price target on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

A number of other research analysts have also issued reports on WDAY. Mizuho cut their price target on shares of Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Tuesday. Loop Capital boosted their price target on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Oppenheimer increased their target price on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price objective on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, Citigroup decreased their target price on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.25.

Workday Trading Down 2.9 %

Shares of NASDAQ:WDAY opened at $221.02 on Wednesday. The firm has a market capitalization of $58.79 billion, a P/E ratio of 36.65, a P/E/G ratio of 3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The business’s 50-day moving average is $244.84 and its 200 day moving average is $252.32. Workday has a 1 year low of $199.81 and a 1 year high of $294.00.

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

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 497 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the sale, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock worth $77,976,126 in the last ninety days. 20.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Workday

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares in the last quarter. Geode Capital Management LLC raised its holdings in Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker’s stock valued at $1,193,105,000 after acquiring an additional 1,772,223 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Workday by 60.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker’s stock worth $960,454,000 after acquiring an additional 1,406,088 shares during the last quarter. Brown Advisory Inc. grew its holdings in Workday by 1.5% during the 4th quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker’s stock worth $911,027,000 after acquiring an additional 52,104 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Workday by 6.5% in the 4th quarter. FIL Ltd now owns 2,963,124 shares of the software maker’s stock valued at $764,575,000 after purchasing an additional 181,899 shares during the last quarter. Hedge funds and other institutional investors own 89.81% 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.