Workday, Inc. to Post Q3 2026 Earnings of $0.84 Per Share, Zacks Research Forecasts (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for Workday in a research report issued on Tuesday, September 24th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.85. The consensus estimate for Workday’s current full-year earnings is $2.39 per share. Zacks Research also issued estimates for Workday’s Q4 2026 earnings at $0.80 EPS, FY2026 earnings at $2.98 EPS, Q1 2027 earnings at $0.87 EPS, Q2 2027 earnings at $1.09 EPS and FY2027 earnings at $4.44 EPS.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share.

WDAY has been the topic of a number of other research reports. Evercore ISI reduced their price target on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. DA Davidson increased their price target on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Citigroup reduced their target price on Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays raised their target price on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company raised their price objective on Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $287.04.

Workday Trading Down 0.7 %

Shares of NASDAQ:WDAY opened at $243.62 on Friday. The company has a market capitalization of $64.56 billion, a P/E ratio of 44.22, a P/E/G ratio of 4.91 and a beta of 1.35. Workday has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The business’s 50 day simple moving average is $238.49 and its 200 day simple moving average is $241.73.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 78,279 shares of Workday stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $223.89, for a total transaction of $17,525,885.31. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $23,059,998.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder David A. Duffield sold 78,279 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $223.89, for a total value of $17,525,885.31. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $23,059,998.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. The disclosure for this sale can be found here. Insiders sold 467,402 shares of company stock valued at $111,071,544 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Hedge Funds Weigh In On Workday

Institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC raised its holdings in Workday by 17.6% during the 1st quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock valued at $8,849,000 after acquiring an additional 4,865 shares during the period. ORG Partners LLC boosted its holdings in shares of Workday by 3,717.9% during the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock worth $721,000 after purchasing an additional 3,123 shares during the period. Bornite Capital Management LP purchased a new stake in shares of Workday during the fourth quarter worth about $34,508,000. Nordea Investment Management AB boosted its holdings in shares of Workday by 3.0% during the first quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock worth $128,851,000 after purchasing an additional 13,502 shares during the period. Finally, Bain Capital Public Equity LP raised its stake in Workday by 32.5% in the fourth quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock worth $6,203,000 after buying an additional 5,513 shares in the last quarter. Hedge funds and other institutional investors 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.