Workday (WDAY) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
Workday (NASDAQ:WDAY) announced its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02, AnalystRatings.Net reports. The company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $152.42 million.
A number of analysts have recently weighed in on WDAY shares. Analysts at B. Riley reiterated a “neutral” rating on shares of Workday in a research note on Tuesday. They now have a $82.00 price target on the stock, down previously from $107.00. On a related note, analysts at Barclays cut their price target on shares of Workday from $97.00 to $83.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Workday in a research note on Thursday, May 15th. They now have a $79.00 price target on the stock, down previously from $99.00. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $101.63.
Workday (NASDAQ:WDAY) traded up 4.89% during mid-day trading on Tuesday, hitting $82.13. 3,323,330 shares of the company’s stock traded hands. Workday has a 52-week low of $59.87 and a 52-week high of $116.47. The stock has a 50-day moving average of $74.56 and a 200-day moving average of $85.16. The company’s market cap is $15.112 billion.
Workday, Inc, is a provider of enterprise cloud-based applications for human capital management (NASDAQ:WDAY), payroll, financial management, time tracking, procurement and employee expense management.
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