Workday (WDAY) Releases Quarterly Earnings Results
Workday (NASDAQ:WDAY) released its earnings data on Wednesday. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.03, AnalystRatings.Net reports. The company had revenue of $186.80 million for the quarter, compared to the consensus estimate of $177.31 million.
A number of analysts have recently weighed in on WDAY shares. Analysts at Davidson initiated coverage on shares of Workday in a research note on Wednesday. They set a “neutral” rating on the stock. On the ratings front, analysts at DA Davidson initiated coverage on shares of Workday in a research note on Tuesday. They set a “neutral” rating and a $89.00 price target on the stock. Finally, analysts at Cantor Fitzgerald initiated coverage on shares of Workday in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Workday presently has an average rating of “Hold” and a consensus price target of $96.13.
Shares of Workday (NASDAQ:WDAY) traded down 0.53% on Wednesday, hitting $90.30. The stock had a trading volume of 2,648,192 shares. Workday has a one year low of $64.21 and a one year high of $116.47. The stock’s 50-day moving average is $83.53 and its 200-day moving average is $85.62. The company’s market cap is $16.705 billion. Workday also was the target of unusually large options trading on Monday. Traders acquired 3,199 put options on the stock. This is an increase of approximately 262% compared to the typical daily volume of 884 put options.
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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