Workday, Inc. (NYSE:WDAY) to Release Earnings on Tuesday
Workday, Inc. (NYSE:WDAY) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 22nd. Analysts expect Workday to post earnings of $0.15 per share for the quarter.
Workday (NYSE:WDAY) last announced its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The business had revenue of $479.90 million during the quarter, compared to the consensus estimate of $468.07 million. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The firm’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. On average, analysts expect Workday to post $0.65 EPS for the current fiscal year and $0.93 EPS for the next fiscal year.
Shares of Workday, Inc. (WDAY) opened at 102.37 on Tuesday. The firm has a 50-day moving average of $100.81 and a 200 day moving average of $92.22. The company’s market cap is $21.19 billion. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $106.75.
In related news, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $102.87, for a total value of $7,715,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James Bozzini sold 6,132 shares of the firm’s stock in a transaction that occurred on 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. Over the last quarter, insiders have sold 1,252,638 shares of company stock valued at $124,884,087. Insiders own 37.71% of the company’s stock.
Several equities analysts have recently commented on WDAY shares. Vetr lowered shares of Workday from a “buy” rating to a “hold” rating and set a $88.50 price objective on the stock. in a report on Thursday, April 20th. Credit Suisse Group started coverage on shares of Workday in a report on Thursday, April 27th. They issued a “neutral” rating and a $91.00 price objective on the stock. Benchmark Co. started coverage on shares of Workday in a report on Thursday, April 27th. They issued a “hold” rating on the stock. Royal Bank Of Canada decreased their price objective on shares of Workday from $105.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $105.00 price objective (up from $95.00) on shares of Workday in a report on Monday, May 29th. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $92.37.
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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