Zacks: Analysts Anticipate Workday Inc (NASDAQ:WDAY) to Post $0.35 Earnings Per Share

Brokerages expect Workday Inc (NASDAQ:WDAY) to report earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Thirty Three analysts have provided estimates for Workday’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.41. Workday reported earnings of $0.31 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.9%. The company is scheduled to report its next earnings results after the market closes on Thursday, August 29th.

On average, analysts expect that Workday will report full-year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.87. For the next year, analysts forecast that the company will post earnings of $2.22 per share, with EPS estimates ranging from $1.89 to $2.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Workday.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, May 28th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.03). Workday had a negative net margin of 15.19% and a negative return on equity of 14.92%. The company had revenue of $825.10 million during the quarter, compared to analyst estimates of $814.21 million. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue was up 33.2% on a year-over-year basis.

Several equities analysts have issued reports on the stock. Compass Point assumed coverage on shares of Workday in a research note on Tuesday, August 13th. They issued a “buy” rating and a $238.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Workday to $250.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Credit Suisse Group upped their price objective on shares of Workday from $185.00 to $215.00 and gave the company a “neutral” rating in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Deutsche Bank upped their price objective on shares of Workday from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, May 29th. Finally, Canaccord Genuity upped their price objective on shares of Workday from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $208.88.

NASDAQ WDAY traded down $1.24 during trading hours on Friday, hitting $192.13. The company had a trading volume of 2,091,112 shares, compared to its average volume of 1,527,734. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. Workday has a 1-year low of $117.72 and a 1-year high of $226.83. The company has a market cap of $43.15 billion, a PE ratio of -157.48 and a beta of 1.54. The business has a 50 day moving average of $204.71 and a 200-day moving average of $199.55.

In related news, Director David A. Duffield sold 281 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $219.67, for a total value of $61,727.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Petros Dermetzis sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $205.32, for a total transaction of $718,620.00. The disclosure for this sale can be found here. Insiders have sold 756,292 shares of company stock valued at $154,605,671 in the last quarter. Insiders own 29.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Workday by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 123,024 shares of the software maker’s stock valued at $19,646,000 after acquiring an additional 7,353 shares during the last quarter. Altman Advisors Inc. boosted its position in shares of Workday by 1.7% during the 1st quarter. Altman Advisors Inc. now owns 10,659 shares of the software maker’s stock valued at $2,056,000 after acquiring an additional 183 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Workday during the 1st quarter valued at about $228,000. Pennsylvania Trust Co bought a new stake in shares of Workday during the 1st quarter valued at about $2,156,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Workday during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 67.04% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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