Analysts Anticipate Workday Inc (WDAY) Will Announce Quarterly Sales of $573.12 Million

Wall Street analysts expect Workday Inc (NASDAQ:WDAY) to report $573.12 million in sales for the current quarter, according to Zacks. Thirty Two 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 posted sales of $436.67 million in the same quarter last year, which would indicate a positive year over year growth rate of 31.2%. The business is expected to announce its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that Workday will report full year sales of $573.12 million for the current fiscal year, with estimates ranging from $2.10 billion to $2.15 billion. For the next year, analysts anticipate that the firm will report sales of $2.68 billion per share, with estimates ranging from $2.66 billion to $2.72 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Workday.

Workday (NASDAQ:WDAY) last posted its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year.

Several equities research analysts have recently weighed in on WDAY shares. Guggenheim started coverage on shares of Workday in a report on Monday, October 30th. They issued a “neutral” rating and a $105.00 target price on the stock. UBS Group reaffirmed a “sell” rating and issued a $95.00 target price (down previously from $121.00) on shares of Workday in a report on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $114.00 target price on shares of Workday in a report on Friday, November 10th. Barclays upped their target price on shares of Workday from $108.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Finally, JMP Securities lowered shares of Workday from a “market outperform” rating to a “market perform” rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $106.81.

Shares of Workday (WDAY) opened at $114.11 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday has a fifty-two week low of $80.61 and a fifty-two week high of $116.89. The firm has a market cap of $23,910.00, a PE ratio of -79.24 and a beta of 1.83.

In other news, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $100.34, for a total value of $7,525,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Duffield sold 482,001 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $103.77, for a total transaction of $50,017,243.77. The disclosure for this sale can be found here. Insiders sold a total of 1,197,306 shares of company stock worth $126,753,397 in the last ninety days. Insiders own 37.71% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its position 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. Toronto Dominion Bank raised its position in shares of Workday by 15.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after acquiring an additional 201 shares during the period. Advisor Group Inc. raised its position in shares of Workday by 22.5% in the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after acquiring an additional 236 shares during the period. Suntrust Banks Inc. raised its position in shares of Workday by 6.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,053 shares of the software maker’s stock valued at $393,000 after acquiring an additional 263 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Workday by 6.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,862 shares of the software maker’s stock valued at $763,000 after acquiring an additional 464 shares during the period. Institutional investors and hedge funds own 66.90% of the company’s stock.

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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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