Workday (WDAY) Set to Announce Earnings on Tuesday

Workday (NASDAQ:WDAY) will be issuing its quarterly earnings data after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, analysts expect Workday to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $267.75 on Friday. Workday has a 12 month low of $199.81 and a 12 month high of $311.28. The stock has a market cap of $70.95 billion, a price-to-earnings ratio of 46.65, a PEG ratio of 5.32 and a beta of 1.35. The stock’s 50 day moving average price is $247.71 and its 200 day moving average price is $236.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Scotiabank assumed coverage on shares of Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price for the company. Morgan Stanley cut their price objective on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, August 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.46.

Insider Activity

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the sale, the director now owns 97,500 shares in the company, valued at $25,381,200. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the transaction, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. This represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock valued at $91,506,897 in the last quarter. 20.00% 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.