Zacks: Analysts Expect Workday Inc (WDAY) Will Announce Earnings of $0.20 Per Share

Brokerages forecast that Workday Inc (NASDAQ:WDAY) will post $0.20 earnings per share for the current quarter, Zacks reports. Thirty Two analysts have issued estimates for Workday’s earnings, with estimates ranging from $0.16 to $0.27. Workday reported earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 185.7%. The company is scheduled to report its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that Workday will report full year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.93 to $1.04. For the next fiscal year, analysts forecast that the company will post earnings of $1.18 per share, with EPS estimates ranging from $0.85 to $1.70. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Workday.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The company had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis.

A number of research firms have weighed in on WDAY. TheStreet raised shares of Workday from a “d+” rating to a “c” rating in a report on Wednesday, November 29th. Barclays lifted their price objective on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Drexel Hamilton reaffirmed a “buy” rating and issued a $133.00 price objective on shares of Workday in a report on Wednesday, November 29th. Bank of America lifted their price objective on shares of Workday from $123.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Workday in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $106.81.

Workday (WDAY) traded up $1.02 on Friday, reaching $113.28. 1,198,300 shares of the company’s stock were exchanged, compared to its average volume of 1,729,983. Workday has a one year low of $80.61 and a one year high of $116.89. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $23,730.00, a PE ratio of -78.67 and a beta of 1.83.

In related news, SVP James P. Shaughnessy sold 2,063 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $111.08, for a total transaction of $229,158.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $100.34, for a total transaction of $7,525,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,197,306 shares of company stock valued at $126,753,397. 37.71% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in WDAY. State of Alaska Department of Revenue boosted its holdings in Workday by 555.3% in the 4th quarter. State of Alaska Department of Revenue now owns 13,559 shares of the software maker’s stock valued at $1,378,000 after purchasing an additional 11,490 shares during the last quarter. Westpac Banking Corp boosted its holdings in Workday by 108.0% in the 4th quarter. Westpac Banking Corp now owns 137,277 shares of the software maker’s stock valued at $13,967,000 after purchasing an additional 71,266 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Workday by 8.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 250,709 shares of the software maker’s stock valued at $25,508,000 after purchasing an additional 19,446 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in Workday by 6.5% in the 4th quarter. Gulf International Bank UK Ltd now owns 42,490 shares of the software maker’s stock valued at $4,322,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in Workday by 7.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 65,271 shares of the software maker’s stock valued at $6,641,000 after purchasing an additional 4,313 shares during the last quarter. 66.90% of the stock is owned by institutional investors.

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About Workday

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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