Workday Inc (NASDAQ:WDAY) Expected to Post Quarterly Sales of $872.21 Million

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Analysts forecast that Workday Inc (NASDAQ:WDAY) will post sales of $872.21 million for the current quarter, according to Zacks. Thirty Three analysts have issued estimates for Workday’s earnings, with the lowest sales estimate coming in at $866.90 million and the highest estimate coming in at $880.81 million. Workday posted sales of $671.72 million in the same quarter last year, which suggests a positive year-over-year growth rate of 29.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, September 3rd.

On average, analysts expect that Workday will report full-year sales of $3.56 billion for the current year, with estimates ranging from $3.54 billion to $3.62 billion. For the next fiscal year, analysts expect that the business will post sales of $4.39 billion, with estimates ranging from $4.22 billion to $4.69 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Workday.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, May 28th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.03). Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. The company had revenue of $825.10 million for the quarter, compared to analyst estimates of $814.21 million. During the same period in the prior year, the company earned $0.33 EPS. The company’s quarterly revenue was up 33.2% compared to the same quarter last year.

Several research firms have weighed in on WDAY. BMO Capital Markets upped their target price on NFI Group from C$33.00 to C$36.00 in a research note on Wednesday, May 29th. Canaccord Genuity cut their target price on Trican Well Service from C$1.70 to C$1.55 in a research note on Wednesday, May 29th. Needham & Company LLC upped their target price on Cara Therapeutics from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Bank of America began coverage on HUYA in a research note on Wednesday, May 29th. They set a “buy” rating and a $26.00 target price for the company. Finally, Mitsubishi UFJ Financial Group upped their target price on Workday from $215.00 to $244.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $206.32.

In other Workday news, SVP James P. Shaughnessy sold 4,347 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $192.97, for a total transaction of $838,840.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aneel Bhusri sold 17,250 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $193.00, for a total value of $3,329,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 782,980 shares of company stock valued at $158,973,671. Company insiders own 29.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of WDAY. Captrust Financial Advisors grew its stake in shares of Workday by 60.0% in the 4th 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. Shine Investment Advisory Services Inc. grew its stake in shares of Workday by 60.9% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock valued at $29,000 after buying an additional 56 shares during the period. Lindbrook Capital LLC grew its stake in shares of Workday by 149.2% in the 1st quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock valued at $29,000 after buying an additional 91 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Workday in the 1st quarter valued at about $30,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Workday in the 1st quarter valued at about $31,000. Institutional investors own 65.97% of the company’s stock.

NASDAQ WDAY traded up $4.05 on Thursday, hitting $223.28. 75,101 shares of the company’s stock were exchanged, compared to its average volume of 1,803,690. The business has a 50-day moving average price of $209.64. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. Workday has a 52 week low of $117.72 and a 52 week high of $222.06. The company has a market cap of $49.55 billion, a PE ratio of -183.52 and a beta of 1.56.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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