Zacks Research Has Positive Forecast for Workday Q2 Earnings

Workday, Inc. (NASDAQ:WDAY) – Equities researchers at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of Workday in a research note issued to investors on Thursday, June 12th. Zacks Research analyst R. Department now anticipates that the software maker will earn $0.84 per share for the quarter, up from their prior forecast of $0.81. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 EPS.

A number of other research firms have also recently commented on WDAY. Jefferies Financial Group lowered their price objective on shares of Workday from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Monday, March 31st. BMO Capital Markets upped their price objective on shares of Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. DA Davidson upped their price objective on shares of Workday from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Loop Capital lowered their price objective on shares of Workday from $285.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Workday from $310.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $293.54.

Workday Price Performance

WDAY opened at $244.54 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a fifty day simple moving average of $245.50 and a 200 day simple moving average of $252.46. The stock has a market cap of $65.29 billion, a P/E ratio of 40.55, a P/E/G ratio of 3.55 and a beta of 1.24.

Institutional Investors Weigh In On Workday

Hedge funds have recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in Workday during the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its position in Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. acquired a new stake in Workday during the first quarter worth approximately $31,000. TCTC Holdings LLC acquired a new stake in Workday during the fourth quarter worth approximately $35,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Workday during the first quarter worth approximately $32,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the sale, the chief executive officer now directly owns 10,847 shares in the company, valued at approximately $2,544,814.67. This trade represents a 22.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the firm’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at $7,789,921.75. This trade represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,666 shares of company stock worth $38,465,025 in the last quarter. Corporate insiders own 19.31% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.