Equities analysts expect Workday Inc (NASDAQ:WDAY) to report $609.27 million in sales for the current quarter, Zacks Investment Research reports. Thirty Six analysts have provided estimates for Workday’s earnings. The highest sales estimate is $617.80 million and the lowest is $602.00 million. Workday posted sales of $479.86 million in the same quarter last year, which suggests a positive year over year growth rate of 27%. The business is scheduled to issue its next quarterly earnings report on Thursday, June 7th.
According to Zacks, analysts expect that Workday will report full year sales of $609.27 million for the current fiscal year, with estimates ranging from $2.66 billion to $2.75 billion. For the next fiscal year, analysts expect that the business will report sales of $3.30 billion per share, with estimates ranging from $3.17 billion to $3.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Workday.
Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $582.48 million for the quarter, compared to analyst estimates of $573.41 million. Workday had a negative return on equity of 16.80% and a negative net margin of 14.99%.
In other news, insider Gomez Luciano Fernandez sold 1,709 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $124.23, for a total value of $212,309.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George J. Still, Jr. sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $134.93, for a total value of $2,158,880.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 761,764 shares of company stock worth $84,976,267. Company insiders own 37.71% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDAY. The Manufacturers Life Insurance Company lifted its position in shares of Workday by 272.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,050,260 shares of the software maker’s stock valued at $310,333,000 after acquiring an additional 2,231,255 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Workday by 241.4% in the fourth quarter. First Trust Advisors LP now owns 845,020 shares of the software maker’s stock valued at $85,972,000 after acquiring an additional 597,523 shares in the last quarter. KBC Group NV increased its holdings in shares of Workday by 1,239.5% in the fourth quarter. KBC Group NV now owns 301,655 shares of the software maker’s stock valued at $30,691,000 after purchasing an additional 279,135 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Workday by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 1,122,150 shares of the software maker’s stock valued at $114,168,000 after purchasing an additional 124,330 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Workday by 418.4% in the third quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock valued at $12,946,000 after purchasing an additional 99,144 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.
Workday (WDAY) opened at $139.07 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11. Workday has a 1-year low of $80.61 and a 1-year high of $139.90.
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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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