Zacks Research Issues Positive Estimate for Workday Earnings

Workday, Inc. (NASDAQ:WDAY) – Analysts at Zacks Research upped their FY2028 earnings estimates for shares of Workday in a report issued on Tuesday, October 21st. Zacks Research analyst Team now expects that the software maker will post earnings per share of $5.78 for the year, up from their previous forecast of $5.71. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Citigroup reduced their price target on shares of Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Barclays boosted their price objective on shares of Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $265.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Trading Down 1.2%

Shares of WDAY stock opened at $242.83 on Thursday. Workday has a 12-month low of $205.33 and a 12-month high of $294.00. The company has a market capitalization of $64.84 billion, a P/E ratio of 112.42, a P/E/G ratio of 3.06 and a beta of 1.10. The firm has a 50-day moving average price of $232.88 and a 200 day moving average price of $237.09. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

Hedge Funds Weigh In On Workday

Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA lifted its position in shares of Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after acquiring an additional 42 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Workday by 1.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after acquiring an additional 45 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after acquiring an additional 46 shares during the period. AE Wealth Management LLC lifted its position in shares of Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after acquiring an additional 46 shares during the period. Finally, Bristlecone Advisors LLC lifted its position in shares of Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after acquiring an additional 47 shares during the period. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 78,564 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. This trade represents a 43.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer directly owned 168,468 shares in the company, valued at $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is currently owned by insiders.

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.