$573.03 Million in Sales Expected for Workday Inc (WDAY) This Quarter
Wall Street analysts predict that Workday Inc (NASDAQ:WDAY) will post sales of $573.03 million for the current fiscal quarter, Zacks reports. Thirty Three analysts have made estimates for Workday’s earnings, with the lowest sales estimate coming in at $571.30 million and the highest estimate coming in at $582.26 million. Workday reported sales of $436.67 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.2%. The firm is scheduled to report its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that Workday will report full-year sales of $573.03 million for the current financial year, with estimates ranging from $2.10 billion to $2.13 billion. For the next year, analysts expect that the firm will post sales of $2.66 billion per share. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Workday.
Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The business had revenue of $555.40 million during the quarter, compared to the consensus estimate of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. Workday’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS.
Shares of Workday (NASDAQ:WDAY) opened at $105.17 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a market cap of $21,880.00, a price-to-earnings ratio of -73.03 and a beta of 1.83. Workday has a 1-year low of $68.67 and a 1-year high of $116.89.
In other news, SVP James P. Shaughnessy sold 8,781 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $108.44, for a total transaction of $952,211.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Bozzini sold 5,000 shares of the stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $102.08, for a total transaction of $510,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,526,697 shares of company stock valued at $162,307,101 over the last ninety days. 37.71% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of Workday by 46.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 84,863 shares of the software maker’s stock worth $8,944,000 after purchasing an additional 26,967 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Workday during the 3rd quarter worth about $363,000. California Public Employees Retirement System increased its position in shares of Workday by 1.7% during the 3rd quarter. California Public Employees Retirement System now owns 221,300 shares of the software maker’s stock worth $23,323,000 after purchasing an additional 3,800 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Workday by 418.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock worth $12,946,000 after purchasing an additional 99,144 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Workday during the 3rd quarter worth about $2,276,000. Institutional investors and hedge funds own 67.54% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.