Workday, Inc. (NYSE:WDAY) Expected to Post Quarterly Sales of $507.34 Million
Brokerages expect Workday, Inc. (NYSE:WDAY) to report sales of $507.34 million for the current quarter, Zacks Investment Research reports. Thirty Four analysts have issued estimates for Workday’s earnings, with estimates ranging from $505.22 million to $512.80 million. Workday posted sales of $377.72 million in the same quarter last year, which suggests a positive year-over-year growth rate of 34.3%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, August 23rd.
On average, analysts expect that Workday will report full-year sales of $507.34 million for the current year, with estimates ranging from $2.03 billion to $2.07 billion. For the next financial year, analysts forecast that the company will report sales of $2.58 billion per share, with estimates ranging from $2.47 billion to $2.85 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Workday.
Workday (NYSE:WDAY) last issued its earnings results on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The firm had revenue of $479.90 million for the quarter, compared to the consensus estimate of $468.07 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business’s quarterly revenue was up 38.0% compared to the same quarter last year.
Several equities analysts have recently weighed in on WDAY shares. Vetr upgraded Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective for the company in a report on Monday, May 1st. William Blair raised their price objective on Workday to $40.00 and gave the company an “outperform” rating in a report on Friday, April 14th. Credit Suisse Group started coverage on Workday in a report on Thursday, April 27th. They issued a “neutral” rating and a $91.00 price objective for the company. Benchmark Co. started coverage on Workday in a report on Thursday, April 27th. They issued a “hold” rating for the company. Finally, Canaccord Genuity restated a “buy” rating and issued a $115.00 price objective on shares of Workday in a report on Friday, July 7th. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Workday has a consensus rating of “Hold” and an average target price of $92.37.
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Shares of Workday (NYSE WDAY) traded down 2.298% on Thursday, reaching $98.835. The company’s stock had a trading volume of 270,709 shares. The company has a 50 day moving average price of $101.05 and a 200 day moving average price of $91.80. Workday has a 52-week low of $65.79 and a 52-week high of $106.75. The company’s market cap is $20.46 billion.
In other Workday news, SVP James P. Shaughnessy sold 8,760 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $103.62, for a total transaction of $907,711.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 8,424 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $94.46, for a total transaction of $795,731.04. The disclosure for this sale can be found here. Insiders sold 1,284,581 shares of company stock worth $127,908,387 over the last three months. 37.71% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of WDAY. Wedbush Securities Inc. boosted its stake in Workday by 0.8% in the first quarter. Wedbush Securities Inc. now owns 5,573 shares of the software maker’s stock worth $464,000 after buying an additional 44 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Workday by 0.5% in the second quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock worth $836,000 after buying an additional 45 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in Workday by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 10,667 shares of the software maker’s stock worth $888,000 after buying an additional 85 shares during the last quarter. Global X Management Co. LLC boosted its stake in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares during the last quarter. Finally, Utah Retirement Systems boosted its stake in Workday by 0.5% in the first quarter. Utah Retirement Systems now owns 21,400 shares of the software maker’s stock worth $1,782,000 after buying an additional 100 shares during the last quarter.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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