William Blair Forecasts Workday’s Q1 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – William Blair issued their Q1 2027 earnings estimates for shares of Workday in a research report issued to clients and investors on Wednesday, February 26th. William Blair analyst J. Roberge expects that the software maker will post earnings of $1.01 per share for the quarter. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. William Blair also issued estimates for Workday’s Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $1.26 EPS, Q3 2027 earnings at $1.31 EPS, Q3 2027 earnings at $1.31 EPS, Q4 2027 earnings at $1.41 EPS, Q4 2027 earnings at $1.41 EPS, FY2027 earnings at $4.99 EPS and FY2027 earnings at $4.99 EPS.

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

WDAY has been the topic of a number of other research reports. Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $330.00 to $275.00 in a research report on Wednesday, February 19th. Stifel Nicolaus upped their price objective on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays decreased their price target on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Workday in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Stock Performance

NASDAQ WDAY opened at $263.34 on Friday. The stock has a fifty day simple moving average of $259.69 and a 200-day simple moving average of $254.65. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $70.05 billion, a PE ratio of 43.67, a P/E/G ratio of 3.55 and a beta of 1.35. Workday has a twelve month low of $199.81 and a twelve month high of $296.44.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of the sale, the insider now directly owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 433,321 shares of company stock worth $111,763,803 over the last 90 days. 20.00% of the stock is owned by insiders.

Institutional Trading of Workday

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock worth $5,197,447,000 after buying an additional 4,517,272 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of Workday in the 4th quarter valued at $658,735,000. Norges Bank acquired a new position in shares of Workday in the 4th quarter valued at $645,710,000. Parnassus Investments LLC raised its position in Workday by 562.2% in the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock valued at $631,589,000 after purchasing an additional 2,078,097 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Workday by 61.9% during the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker’s stock worth $1,193,105,000 after purchasing an additional 1,772,223 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

About Workday

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.