Zacks: Analysts Expect Workday, Inc. (WDAY) Will Announce Quarterly Sales of $540.90 Million
Wall Street analysts expect Workday, Inc. (NYSE:WDAY) to announce sales of $540.90 million for the current quarter, according to Zacks. Thirty Five analysts have provided estimates for Workday’s earnings, with the highest sales estimate coming in at $550.33 million and the lowest estimate coming in at $535.51 million. Workday posted sales of $409.58 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 32.1%. The company is expected to issue its next earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Workday will report full-year sales of $540.90 million for the current financial year, with estimates ranging from $2.04 billion to $2.13 billion. For the next financial year, analysts forecast that the company will post sales of $2.64 billion per share, with estimates ranging from $2.56 billion to $2.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Workday.
Workday (NYSE:WDAY) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The company had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. During the same quarter last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis.
WDAY has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their target price on Workday from $105.00 to $96.00 and set an “outperform” rating for the company in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $105.00 target price (up previously from $95.00) on shares of Workday in a report on Monday, May 29th. Citigroup Inc. restated a “sell” rating on shares of Workday in a report on Tuesday, May 30th. Drexel Hamilton restated a “buy” rating and set a $114.00 target price on shares of Workday in a report on Wednesday, May 31st. Finally, JMP Securities restated an “overweight” rating and set a $90.00 target price on shares of Workday in a report on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.79.
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Workday (NYSE WDAY) traded down 0.48% on Friday, reaching $105.04. The company had a trading volume of 2,308,470 shares. Workday has a 52 week low of $65.79 and a 52 week high of $111.45. The stock’s 50-day moving average is $104.16 and its 200-day moving average is $95.37. The company’s market capitalization is $21.85 billion.
In other news, Director George J. Still, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $106.68, for a total transaction of $1,066,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aneel Bhusri sold 11,091 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $102.70, for a total transaction of $1,139,045.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,310,752 shares of company stock worth $134,888,238. Corporate insiders own 37.71% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in Workday by 0.5% in the 2nd quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock valued at $836,000 after buying an additional 45 shares in the last quarter. Nordea Investment Management AB lifted its stake in Workday by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock valued at $331,000 after buying an additional 83 shares in the last quarter. Global X Management Co. LLC lifted its stake in Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares in the last quarter. Utah Retirement Systems lifted its stake in Workday by 0.5% in the 1st quarter. Utah Retirement Systems now owns 21,400 shares of the software maker’s stock valued at $1,782,000 after buying an additional 100 shares in the last quarter. Finally, Gemmer Asset Management LLC lifted its stake in Workday by 1.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock valued at $861,000 after buying an additional 117 shares in the last quarter. 67.74% of the stock is currently owned by institutional investors and hedge funds.
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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