Equities research analysts predict that Workday, Inc. (NYSE:WDAY) will report sales of $522.05 million for the current quarter, according to Zacks. Thirty Four analysts have made estimates for Workday’s earnings, with the highest sales estimate coming in at $534.55 million and the lowest estimate coming in at $513.93 million. Workday reported sales of $409.58 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 27.5%. The firm is expected to announce its next earnings report on Thursday, December 7th.
On average, analysts expect that Workday will report full year sales of $522.05 million for the current year, with estimates ranging from $2.04 billion to $2.07 billion. For the next financial year, analysts expect that the business will post sales of $2.58 billion per share, with estimates ranging from $2.47 billion to $2.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Workday.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. Workday’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share.
A number of research analysts have issued reports on WDAY shares. Royal Bank Of Canada lowered their price objective on Workday from $105.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, May 24th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $105.00 price objective (up previously from $95.00) on shares of Workday in a research note on Monday, May 29th. Citigroup Inc. reiterated a “sell” rating on shares of Workday in a research note on Tuesday, May 30th. Drexel Hamilton restated a “buy” rating and issued a $114.00 price target on shares of Workday in a research note on Wednesday, May 31st. Finally, JMP Securities restated an “overweight” rating and issued a $90.00 price target on shares of Workday in a research note on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $96.78.
Workday (WDAY) traded up 2.00% during midday trading on Monday, reaching $109.69. The company had a trading volume of 4,790,590 shares. The company has a 50-day moving average of $102.15 and a 200-day moving average of $93.37. Workday has a 12-month low of $65.79 and a 12-month high of $111.45. The stock’s market capitalization is $22.71 billion. Workday also was the target of some unusual options trading on Wednesday. Investors purchased 8,430 put options on the company. This represents an increase of approximately 615% compared to the typical volume of 1,179 put options.
In other Workday news, CEO Aneel Bhusri sold 8,816 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.65, for a total transaction of $896,146.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robynne Sisco sold 1,470 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.70, for a total value of $149,499.00. The disclosure for this sale can be found here. Insiders sold 1,285,592 shares of company stock worth $128,237,888 over the last quarter. 37.71% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Workday by 8.5% in the second quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock worth $1,045,937,000 after buying an additional 846,809 shares during the period. Tybourne Capital Management HK Ltd. increased its stake in shares of Workday by 2.2% in the second quarter. Tybourne Capital Management HK Ltd. now owns 2,935,961 shares of the software maker’s stock worth $284,788,000 after buying an additional 62,419 shares during the period. State Street Corp increased its stake in shares of Workday by 10.6% in the first quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock worth $190,552,000 after buying an additional 219,326 shares during the period. Federated Investors Inc. PA increased its stake in shares of Workday by 3.3% in the second quarter. Federated Investors Inc. PA now owns 1,322,300 shares of the software maker’s stock worth $128,263,000 after buying an additional 41,800 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Workday during the second quarter worth about $117,209,000.
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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