Zacks Research Analysts Boost Earnings Estimates for Workday

Workday, Inc. (NASDAQ:WDAY - Free Report) - Analysts at Zacks Research upped their FY2025 earnings estimates for Workday in a report released on Monday, December 16th. Zacks Research analyst R. Department now expects that the software maker will earn $2.58 per share for the year, up from their prior forecast of $2.36. The consensus estimate for Workday's current full-year earnings is $2.58 per share. Zacks Research also issued estimates for Workday's Q4 2025 earnings at $0.59 EPS, Q1 2026 earnings at $0.66 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.75 EPS, Q4 2026 earnings at $1.10 EPS, FY2026 earnings at $3.17 EPS, Q1 2027 earnings at $0.89 EPS, Q2 2027 earnings at $1.08 EPS, Q3 2027 earnings at $1.13 EPS and FY2027 earnings at $4.58 EPS.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $0.47 EPS. The company's revenue for the quarter was up 15.8% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Morgan Stanley increased their price target on Workday from $315.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Citigroup lowered their price objective on shares of Workday from $274.00 to $270.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 25th. StockNews.com cut Workday from a "buy" rating to a "hold" rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Workday from $265.00 to $275.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. Finally, The Goldman Sachs Group boosted their price objective on Workday from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $291.36.

Workday Stock Down 0.8 %

Shares of WDAY stock traded down $2.10 on Thursday, hitting $266.83. The company's stock had a trading volume of 3,959,769 shares, compared to its average volume of 2,269,664. The stock has a market capitalization of $70.98 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 5.04 and a beta of 1.34. Workday has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm's fifty day moving average price is $256.36 and its 200-day moving average price is $240.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Institutional Trading of Workday

Institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Workday during the third quarter worth approximately $26,000. SouthState Corp increased its stake in Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after acquiring an additional 129 shares during the period. Crewe Advisors LLC raised its holdings in Workday by 56.6% in the 2nd quarter. Crewe Advisors LLC now owns 155 shares of the software maker's stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Workday during the 2nd quarter valued at $35,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after acquiring an additional 43 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $236.90, for a total transaction of $13,266,400.00. Following the completion of the sale, the insider now owns 337,000 shares in the company, valued at $79,835,300. The trade was a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the transaction, the insider now owns 85,795 shares in the company, valued at approximately $20,228,745.10. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 304,463 shares of company stock worth $74,309,458. 20.00% of the stock is 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.