Zacks: Analysts Anticipate Workday Inc (WDAY) Will Announce Earnings of $0.41 Per Share

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Analysts expect Workday Inc (NASDAQ:WDAY) to report earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Thirty Six analysts have provided estimates for Workday’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.47. Workday reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year over year growth rate of 24.2%. The company is scheduled to report its next quarterly earnings report on Thursday, May 30th.

On average, analysts expect that Workday will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $1.88. For the next financial year, analysts forecast that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $1.78 to $2.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Workday.

Several analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Workday to $189.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Citigroup upped their price objective on shares of Workday from $106.00 to $138.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. Robert W. Baird upped their target price on shares of Workday from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Piper Jaffray Companies reiterated an “overweight” rating and set a $220.00 target price on shares of Workday in a research report on Wednesday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $230.00 target price (up from $170.00) on shares of Workday in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $187.86.

In related news, CFO Robynne Sisco sold 926 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $189.35, for a total value of $175,338.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Aneel Bhusri sold 6,370 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $164.90, for a total transaction of $1,050,413.00. The disclosure for this sale can be found here. Insiders sold 963,820 shares of company stock worth $167,287,222 over the last 90 days. 33.59% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in Workday by 60.0% in the fourth quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after buying an additional 60 shares during the period. Laurel Wealth Advisors LLC bought a new stake in Workday in the fourth quarter valued at approximately $26,000. North Star Investment Management Corp. increased its stake in Workday by 100.0% in the fourth quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. First Personal Financial Services increased its stake in Workday by 61.3% in the fourth quarter. First Personal Financial Services now owns 263 shares of the software maker’s stock valued at $42,000 after purchasing an additional 100 shares in the last quarter. Finally, Pearl River Capital LLC bought a new stake in Workday in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 69.19% of the company’s stock.

Workday stock traded down $0.29 during trading hours on Friday, hitting $186.75. 1,201,398 shares of the stock were exchanged, compared to its average volume of 2,080,675. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $40.96 billion, a price-to-earnings ratio of -153.08 and a beta of 1.82. Workday has a 12 month low of $117.24 and a 12 month high of $200.00.

Workday Company Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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