Analysts Expect Workday Inc (WDAY) Will Announce Quarterly Sales of $540.87 Million
Wall Street brokerages predict that Workday Inc (NYSE:WDAY) will report $540.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Thirty Five analysts have issued estimates for Workday’s earnings. The highest sales estimate is $550.33 million and the lowest is $535.51 million. Workday posted sales of $409.58 million during the same quarter last year, which suggests a positive year-over-year growth rate of 32.1%. The firm is scheduled to issue its next earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Workday will report full-year sales of $540.87 million for the current year, with estimates ranging from $2.10 billion to $2.13 billion. For the next year, analysts expect 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 an average based on a survey of sell-side analysts that cover Workday.
Workday (NYSE:WDAY) last announced its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The business had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS.
A number of research analysts have issued reports on WDAY shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price target on shares of Workday in a report on Friday, October 6th. FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $115.00 to $125.00 in a report on Wednesday, October 11th. Cowen and Company reaffirmed a “market perform” rating and issued a $100.00 price target on shares of Workday in a report on Saturday, October 14th. Robert W. Baird reaffirmed a “buy” rating on shares of Workday in a report on Friday, October 6th. Finally, BidaskClub cut shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and sixteen have issued a buy rating to the stock. Workday presently has a consensus rating of “Hold” and an average target price of $100.00.
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Shares of Workday (NYSE WDAY) opened at 108.56 on Monday. Workday has a 52 week low of $65.79 and a 52 week high of $111.45. The firm’s 50-day moving average is $106.31 and its 200-day moving average is $99.37. The stock’s market capitalization is $22.58 billion.
In other Workday news, COO James Bozzini sold 13,700 shares of Workday stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $99.99, for a total transaction of $1,369,863.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Duffield sold 457,386 shares of Workday stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $109.35, for a total transaction of $50,015,159.10. 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. 37.71% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC raised its stake 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 valued at $836,000 after acquiring an additional 45 shares during the period. Nordea Investment Management AB raised its stake 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 valued at $331,000 after acquiring an additional 83 shares during the period. Global X Management Co. LLC raised its stake 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 valued at $110,000 after acquiring an additional 97 shares during the period. Gemmer Asset Management LLC raised its stake 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 valued at $861,000 after acquiring an additional 117 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake 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 valued at $538,000 after acquiring an additional 126 shares during the period. 67.08% of the stock is currently owned by institutional investors.
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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