Q2 2023 EPS Estimates for Workday, Inc. Decreased by Analyst (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Analysts at Jefferies Financial Group decreased their Q2 2023 EPS estimates for Workday in a research note issued to investors on Tuesday, September 21st. Jefferies Financial Group analyst B. Thill now expects that the software maker will post earnings of ($0.03) per share for the quarter, down from their previous forecast of ($0.02). Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Workday’s Q3 2023 earnings at ($0.20) EPS, Q4 2023 earnings at ($0.38) EPS, FY2023 earnings at ($0.64) EPS and FY2024 earnings at ($0.14) EPS.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Wednesday, August 25th. The software maker reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.45. Workday had a positive return on equity of 3.49% and a negative net margin of 0.79%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the firm earned $0.84 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Oppenheimer reiterated a “buy” rating and set a $285.00 price objective (up previously from $265.00) on shares of Workday in a research note on Friday, August 27th. Stifel Nicolaus lifted their price objective on Workday from $275.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 27th. BMO Capital Markets lifted their price target on Workday from $260.00 to $295.00 and gave the company a “market perform” rating in a research note on Friday, August 27th. Morgan Stanley lifted their price target on Workday from $305.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 27th. Finally, The Goldman Sachs Group lifted their price target on Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, August 27th. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, Workday currently has an average rating of “Buy” and an average price target of $303.70.

NASDAQ WDAY opened at $268.43 on Friday. The stock has a 50-day simple moving average of $250.47 and a two-hundred day simple moving average of $244.75. The firm has a market capitalization of $66.57 billion, a P/E ratio of -1,491.19 and a beta of 1.28. Workday has a fifty-two week low of $201.62 and a fifty-two week high of $282.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.04.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Workday by 2.4% during the second quarter. Vanguard Group Inc. now owns 11,592,653 shares of the software maker’s stock worth $2,767,630,000 after acquiring an additional 267,666 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Workday by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,576,619 shares of the software maker’s stock valued at $2,130,690,000 after buying an additional 207,483 shares during the last quarter. Lone Pine Capital LLC increased its holdings in Workday by 59.2% in the second quarter. Lone Pine Capital LLC now owns 3,427,366 shares of the software maker’s stock valued at $818,249,000 after buying an additional 1,273,903 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Workday by 52.2% in the first quarter. Janus Henderson Group PLC now owns 3,314,094 shares of the software maker’s stock valued at $823,319,000 after buying an additional 1,136,922 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Workday by 7.7% in the second quarter. Clearbridge Investments LLC now owns 2,649,083 shares of the software maker’s stock valued at $632,442,000 after buying an additional 188,937 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Gomez Luciano Fernandez sold 2,571 shares of the company’s stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $276.53, for a total transaction of $710,958.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard Harry Sauer sold 2,469 shares of the company’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $228.37, for a total value of $563,845.53. The disclosure for this sale can be found here. Insiders sold 299,105 shares of company stock worth $80,910,048 over the last quarter. 24.06% of the stock is currently owned by insiders.

Workday Company Profile

Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.

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Earnings History and Estimates for Workday (NASDAQ:WDAY)

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