Wall Street brokerages predict that Workday Inc (NASDAQ:WDAY) will report $609.27 million in sales for the current fiscal quarter, Zacks Investment Research reports. Thirty Six analysts have made estimates for Workday’s earnings, with the highest sales estimate coming in at $617.80 million and the lowest estimate coming in at $602.00 million. Workday reported sales of $479.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 27%. The firm is scheduled to issue its next quarterly earnings report on Thursday, June 7th.
On average, analysts expect that Workday will report full year sales of $609.27 million for the current financial year, with estimates ranging from $2.68 billion to $2.75 billion. For the next year, analysts anticipate that the business will post sales of $3.30 billion per share, with estimates ranging from $3.17 billion to $3.47 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Workday.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The business had revenue of $582.48 million for the quarter, compared to analyst estimates of $573.41 million. Workday had a negative net margin of 14.99% and a negative return on equity of 16.80%.
In related news, SVP James P. Shaughnessy sold 6,341 shares of Workday stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $113.41, for a total transaction of $719,132.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark S. Peek sold 15,000 shares of Workday stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $100.92, for a total transaction of $1,513,800.00. The disclosure for this sale can be found here. Insiders have sold 743,925 shares of company stock valued at $83,490,996 in the last three months. 37.71% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. FNY Managed Accounts LLC increased its stake in Workday by 607.7% in the third quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after purchasing an additional 1,185 shares in the last quarter. IBM Retirement Fund bought a new stake in Workday in the third quarter valued at $204,000. Advisor Group Inc. increased its stake in Workday by 53.2% in the third quarter. Advisor Group Inc. now owns 1,965 shares of the software maker’s stock valued at $208,000 after purchasing an additional 682 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Workday in the third quarter valued at $208,000. Finally, Capital One National Association bought a new stake in Workday in the fourth quarter valued at $219,000. 70.01% of the stock is owned by hedge funds and other institutional investors.
Workday (WDAY) traded down $1.09 during midday trading on Tuesday, hitting $135.33. 1,704,346 shares of the company traded hands, compared to its average volume of 1,763,487. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market cap of $28,630.00, a price-to-earnings ratio of -85.22 and a beta of 1.86. Workday has a twelve month low of $80.61 and a twelve month high of $140.00.
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Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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