Equities analysts expect Workday Inc (NYSE:WDAY) to report earnings per share of $0.15 for the current quarter, Zacks reports. Thirty Five analysts have provided estimates for Workday’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.10. Workday posted earnings per share of $0.03 during the same quarter last year, which would suggest a positive year over year growth rate of 400%. The company is scheduled to issue its next quarterly earnings report on Thursday, December 7th.

On average, analysts expect that Workday will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.94. For the next year, analysts forecast that the firm will post earnings of $1.11 per share, with EPS estimates ranging from $0.71 to $1.60. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Workday.

Workday (NYSE:WDAY) last announced its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The company had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. Workday had a negative return on equity of 24.60% and a negative net margin of 15.71%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share.

WDAY has been the subject of a number of research reports. Canaccord Genuity reissued a “buy” rating and set a $115.00 price objective on shares of Workday in a research report on Friday, July 7th. Deutsche Bank AG reissued a “hold” rating and set a $105.00 price objective (up previously from $95.00) on shares of Workday in a research report on Thursday, August 31st. BMO Capital Markets reissued a “market perform” rating and set a $117.00 price objective (up previously from $110.00) on shares of Workday in a research report on Friday, September 1st. Drexel Hamilton reissued a “buy” rating and set a $122.00 price objective on shares of Workday in a research report on Tuesday, August 29th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $114.00 price objective (up previously from $101.00) on shares of Workday in a research report on Thursday, August 31st. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and sixteen have given a buy rating to the company’s stock. Workday presently has a consensus rating of “Hold” and an average price target of $100.00.

TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Anticipate Workday Inc (WDAY) to Announce $0.15 Earnings Per Share” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/21/zacks-brokerages-anticipate-workday-inc-wday-to-announce-0-15-earnings-per-share.html.

In other news, SVP James P. Shaughnessy sold 1,959 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.71, for a total value of $199,249.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David A. Duffield sold 461,232 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $108.44, for a total value of $50,015,998.08. The disclosure for this sale can be found here. Insiders have sold 1,575,678 shares of company stock worth $170,655,114 over the last ninety days. Company insiders own 37.71% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in shares of Workday by 0.5% in the 2nd quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock worth $836,000 after acquiring an additional 45 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Workday by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock worth $331,000 after acquiring an additional 83 shares in the last quarter. Global X Management Co. LLC boosted its holdings in shares of Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after acquiring an additional 97 shares in the last quarter. Gemmer Asset Management LLC boosted its holdings in shares of Workday by 1.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock worth $861,000 after acquiring an additional 117 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Workday by 2.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock worth $538,000 after acquiring an additional 126 shares in the last quarter. 67.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Workday (NYSE WDAY) traded up 1.68% during midday trading on Friday, reaching $108.56. The company’s stock had a trading volume of 1,076,623 shares. Workday has a 52 week low of $65.79 and a 52 week high of $111.45. The stock has a 50-day moving average price of $106.31 and a 200 day moving average price of $99.37. The stock’s market capitalization is $22.58 billion.

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.

Get a free copy of the Zacks research report on Workday (WDAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Workday Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday Inc and related companies with MarketBeat.com's FREE daily email newsletter.