Zacks Research Estimates Workday’s Q3 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Equities researchers at Zacks Research upped their Q3 2027 earnings estimates for Workday in a report issued on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the software maker will post earnings per share of $1.30 for the quarter, up from their prior forecast of $1.18. The consensus estimate for Workday’s current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday’s Q4 2027 earnings at $1.32 EPS.

Other equities analysts have also recently issued research reports about the stock. Daiwa America raised shares of Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. Barclays decreased their price target on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Finally, StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and an average target price of $300.36.

Workday Price Performance

Shares of Workday stock opened at $249.49 on Thursday. Workday has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $66.36 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company’s 50-day moving average price is $256.76 and its two-hundred day moving average price is $255.15.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $261.75, for a total transaction of $14,658,000.00. Following the transaction, the insider now directly owns 172,000 shares of the company’s stock, valued at $45,021,000. This represents a 24.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 473,001 shares of company stock worth $120,614,400 in the last three months. 20.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Workday in the 4th quarter worth approximately $18,401,000. Castle Rock Wealth Management LLC acquired a new stake in shares of Workday in the fourth quarter worth $1,089,000. Park Square Financial Group LLC acquired a new stake in shares of Workday in the fourth quarter worth $117,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Workday during the 4th quarter worth $117,259,000. Finally, Azzad Asset Management Inc. ADV raised its holdings in Workday by 0.8% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 9,187 shares of the software maker’s stock worth $2,371,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 89.81% 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.