Analysts Anticipate Workday, Inc. (WDAY) to Post -$0.39 EPS
Equities research analysts expect that Workday, Inc. (NYSE:WDAY) will announce earnings of ($0.39) per share for the current fiscal quarter, according to Zacks. Thirty Four analysts have issued estimates for Workday’s earnings. The highest EPS estimate is ($0.33) and the lowest is ($0.49). Workday reported earnings per share of ($0.49) in the same quarter last year, which suggests a positive year-over-year growth rate of 20.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, August 23rd.
On average, analysts expect that Workday will report full year earnings of ($1.50) per share for the current year, with EPS estimates ranging from ($1.75) to ($1.30). For the next year, analysts expect that the business will report earnings of ($1.54) per share, with EPS estimates ranging from ($1.96) to ($1.00). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Workday.
Workday (NYSE:WDAY) last posted its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The company had revenue of $479.90 million for the quarter, compared to analyst estimates of $468.07 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. Workday’s revenue was up 38.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share.
WDAY has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $106.00 target price on shares of Workday in a research report on Sunday. Northland Securities reiterated a “hold” rating and set a $90.00 price target on shares of Workday in a report on Friday, July 28th. J P Morgan Chase & Co boosted their target price on Workday to $115.00 and gave the company an “overweight” rating in a research note on Thursday, July 13th. Canaccord Genuity restated a “buy” rating and issued a $115.00 target price on shares of Workday in a research note on Friday, July 7th. Finally, BidaskClub downgraded Workday from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $92.37.
Shares of Workday (NYSE WDAY) opened at 100.80 on Tuesday. The firm’s market cap is $20.87 billion. The company’s 50 day moving average price is $100.70 and its 200-day moving average price is $91.11. Workday has a 1-year low of $65.79 and a 1-year high of $106.75.
In other Workday news, Director David A. Duffield sold 359,484 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $97.39, for a total value of $35,010,146.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James Bozzini sold 6,132 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $102.71, for a total transaction of $629,817.72. The disclosure for this sale can be found here. Insiders sold a total of 1,284,581 shares of company stock worth $127,908,387 in the last 90 days. 37.71% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of WDAY. State of Alaska Department of Revenue purchased a new stake in shares of Workday during the first quarter worth about $124,000. Gemmer Asset Management LLC increased its stake in shares of Workday by 9.6% in the first quarter. Gemmer Asset Management LLC now owns 8,764 shares of the software maker’s stock worth $730,000 after buying an additional 764 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Workday by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 80,094 shares of the software maker’s stock worth $6,670,000 after buying an additional 1,012 shares during the last quarter. Regent Investment Management LLC purchased a new stake in shares of Workday during the first quarter worth about $1,672,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Workday during the first quarter worth about $400,000.
Workday Company Profile
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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