Workday (WDAY) Projected to Post Earnings on Monday

Workday (NASDAQ:WDAY) is projected to post its quarterly earnings results before the market opens on Monday, February 24th. Analysts expect Workday to post earnings of $1.75 per share and revenue of $2.18 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. On average, analysts expect Workday to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Workday Stock Performance

NASDAQ WDAY opened at $258.05 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $262.13 and a 200 day simple moving average of $251.63. Workday has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 3.78 and a beta of 1.35.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of recent analyst reports. Loop Capital decreased their price target on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Citigroup reduced their target price on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer reiterated an “outperform” rating and set a $300.00 price target on shares of Workday in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted their price target on Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.43.

Insider Buying and Selling

In other news, 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 transaction, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. The trade was a 48.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the transaction, the director now owns 6,845 shares of the company’s stock, valued at $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is owned by company insiders.

Workday Company Profile

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.